Candlestick Patterns Part 1 Complete Course📊|Technical Analysis in Stock market #stockmarket
Jai Shri Ram brothers, well in today's video we will read about candlestick patterns and will read from the very basic so that whoever watches this video can understand clearly. Well in today's video we will learn about candlestick patterns. What is candlestick pattern? Why is it so important? We will read about the basics of candlestick like what is open of any candle, what is close, what is high and what is low. We will read about the basics of what is a sell, what is a shadow and many more. Then we will learn about the types of candlestick patterns. Okay, how many types of candlestick patterns are there? Okay, that will be our first type i.e. single candlestick pattern. We will discuss it in detail, so let's start the video. Well, first of all we will know what these candlestick patterns are, so whenever you have opened the trading chart, you will see different patterns there. Well, what do we call those patterns? Basically, candleling pattern is a graphical representation of any price movement in a particular time frame, so what do we call it? Candlestic pattern, in short you What we have to understand is that whenever you open a graph, you analyze different patterns, what do we call candlestick patterns? Now the question arises that why is this candleling pattern so important? So if I talk about candlestick pattern, then with the help of candlestick pattern we predict the future that how will the market perform in the coming time if the market is going up.
If it is, will it go up further? If the market is going down, will it go down further or will it go up from here? Will the market consolidate somewhere in the future? Okay, so basically these In short, we predict the market with the help of candlestick, how will the market perform in the future, as you know that the stock market is all about the future, we have to predict the future, okay, so this is our importance, with the help of the candle lift. We predict the future with the help of which we are able to take a good trading decision, that is why we have to understand it, so well till now in this video we have What have we seen, what is the candlestick pattern, what is its importance, okay now we will see the bay of the candlestick pattern, like if there is any candle, then what will be its open, what will be the low, what will be the close, what is the wick, what is the shadow.
And many more basics, so now let us understand the basics of candlestick pattern, so basically here I have drawn green candle and red candle for you, now here we will understand the basics of candle. What is the open of any candle, what is the low, what is the high, okay, what is the shadow, what is the wick, okay, so we will understand all that, okay, so like now this is my green candle and this is the red candle. Okay, so now what do we call a green candle, what do we call a green candle, what do we call a bullish candle stick, okay, a bullish candle is called a bullish candle stick and the same red candle, what do we call a red candle? We call it Bearish Candlestick. Okay, what is it called Bearish Candlestick? Now how did it get its name? Bullish Candle Stick and Bear Candle Stick. Okay, now see what is the function of Bullish i.e.
Bull. What does the bull do with his horns? Throws things from bottom to top, okay, by the way, what does this green candle do, it takes the price from the bottom to the top, okay, that means the price goes up from the bottom, okay, in which case it is bullish. In bullish candle, that is, what does a bull do? Bull throws anything up from below with its horns, that is why it is named Bullish Candle Sticks. Now here what do we call a red candle? Why is it called a bearish candlestick? It is said because what a bear does is that it attacks from top to bottom with its paws. Okay, how does it attack from top to bottom and what is there in a red candle stick? The price that comes to us comes from top to bottom, okay, that's why it got its name Biris Candle Sticks.
Okay, now we will see its basics, okay, like you will be seeing this in green color and here you will be seeing it in red color. Okay, so this is our whole, this will become green in color, what do we call it, we call it body, okay, what do we call this, what is the body of any candle? As much as you can see this green portion, what will it become of us, it will become the body of any candle, okay, similarly in red too, this red portion that you can see completely, what do we call it? What do we call it body? Body is the body of any candle.
Okay, the more the body, the better that candle is. Okay, the more the price movement. Okay, so this is the body. Now this is what you find in this body. the one below There is a part where the candle is opened, meaning where the open occurs, what do we call it, open price, okay, this is our candle, the one that opens in a bullish candle is below us, okay, this is where our open will happen, okay but. What happens to us when it closes in a bullish candle, what happens to us, what happens above, now look here, you guys understand this way, it is bullish candlestick, meaning what happens here is that the price goes up from the bottom, now if it goes up from the bottom, then it is an obvious thing.
That the candle will open at the bottom and close at the top, that is why we say that what a bull does is throw anything up. What happened here is that the candle opened at the bottom and to what extent did it take the price? It took it to the high and the close reached here, okay, so that's why we call it bullish candle stick and that's why our open is below it and close is above it, okay now these are the black sticks type that you are seeing. What do we call it, what do we call it, we call it Vic, okay, what do we call Vic, WIC is okay, what do we call it, Vic, or what do we call it, Shadow, or Vic, okay? This is the black stick that you would see above in any candle. We either call it shadow or we call it wick.
Okay, what do we call the upper wick, upper shadow or upper? Wick is fine, what will we call the lower one, lower wick or lower shadow? Okay, so do you understand what happens in a green candle? Open is at the bottom, close is at the top. When the green candle opens, it is at the bottom and where does it go? It goes up to the top, it is okay because it is a bullish candle stick.
What is the function of a bull? Throwing anything up from the bottom. Well, here the open is at the bottom and the close is at the top so that the price movement that we can make is from the bottom up. yes Okay, that's why we call it bullish candlestick and that's why its open is at the bottom and close is at the top. Okay, this is our stick type, we call it a wick. The lesser the wick, the better it is for the candle.
It happens that it is okay, having more wick is not a good thing for the candle. It is okay, it means having more wick means here the decision is going on between the buyers and sellers as to who is becoming more powerful. It is okay if the buyers are more. If there are, then it is obvious that less wicks will be made but if the sellers come then they will bring down the price and what will happen is that bigger wicks will be made. Okay, so basically making wicks is not right for the market. On the other hand, if I talk about it. So in Red, whatever red portion is visible to you, what do we call it, we call it body, okay, what do we call body, okay, where does it open and close now because this If it is a bearish candle, then what is the function of bear? It is okay to bring down anything from above.
So what happens in red candle is that our opening is above, okay, the opening of the candle is above us and what is the closing? It is below, it is okay, only then the price will come down, like let's say here, let's say it opened at ₹ 1, okay, this price was going at 00, okay and where did it close at 80, only then our price came down 100 to 80, that is why this is a bearish candle, which means the price is coming down from the top, okay, that is why we call it a candle, the red portion in it is called Wadi and this is our stick type.
It is visible in black color, this is our wick, okay wick, we also call it shadow, what do we call wick itself, it is also called shadow, okay now if I talk about the above wick. So we will call it upper wick, it is an obvious thing and if I talk about the lower wick, then we will call it lower wick. Okay, so this is ours, so open is closed, okay now open, what happened in this, what happened above. If the close is below, then our price is below, that is why this bear candle is a flash, now what happened here, our open is below and the close is above, because this is a bullish candle flash, it means that the price here will go up from the bottom there.
From above was coming down because he There was bearish here, it will go up from below because it is bullish. What is the function of bullish? Is it okay to throw anything up from below? So the open is below it and the close is above it. Okay, this was our basic. Now let us know. What is the high and low of any candle, what is the high of any candle and what is the low of any candle, okay see about it now, I will explain its complete psychology to you, how is the candle made, okay like this green candle. Okay, what would have happened when this candle was opened here? What would have happened would have been the sellers.
What would have the sellers done? Would they have taken this candle till here? Okay, they would have taken this candle till the lower part of this stage. It must have gone, okay, that's why it must have been taken to this extent by our sellers, so what does it become of us, it becomes okay, what does it become of our candle, which is the lowest part of the wick, so when the candle It must have been opened, it must have touched the low first, ok, then our wires must have come here, what must have happened to the buyers, the buyers have pulled it to its high, ok, the buyers have taken it till the high, ok, then what happened at the high We had very few sellers, so what did they do, this price means we closed this candle here a little below this, okay, let's say, now let us understand this in terms of numerical value so that you get some clarity, okay, let's say.
This is a green candle, okay this is our green candle, now let's say it opened at 100, okay it opened at 100, now what happened as it opened, our sellers came here, what did the sellers do, took it to the low. That is , we took it till the price of 80, okay, then what will happen, at 80 we had too many buyers, okay , we had too many buyers, what did they do when they pushed the price from below to above 80, then this candle went away, how much did we lose? 140 is ok, 140 which was our high, it is ok till the high of this sale, this 140 has gone, now at 140 we had few sellers, so what did they do with it, when it came at the time of closing, how far did we bring it to ours? Took till 130 and there it closed.
Okay, so the candle opened at 100. The low he hit was our hit of 80. At 80, our buyers were the buyers. What did the buyers do? Made a high, ours was of 140, our sellers came at 140, then what did the sellers do, when the closing time of the candle came, how far did they take them, they got it closed at 130, if this candle is ok, then this is the whole phenomenon. Meaning, the whole cycle works like this, okay now we understand the same thing in the red candle stick, okay now like this is our red candle, okay now what would have happened in it that this open happened here.
Okay, let's say we opened at Rs. 00. Now what happened? We had buyers at Rs. 1, so what did the buyers do? They took it to the high. Buyers. Okay, we touched it to the high. Okay, we took it to the high and this price was reached. 0 Okay, its high was 120, okay, we reached the high, now what happened is that we had many sellers sitting at the high, what did the sellers do, they applied too much force and brought that candle to its low, okay? Ok ​Brought it till its low, ok, now take ours, let's assume ours was 80, ok, take ours, brought it till 80, now what were the prices at 80? There was a slight bias at 80. When the time came for the candle to close, the bias was from 80 to 90. Brought it and right there our candle got closed, okay, there is some such mechanism, it is okay for any candle, both buyers and sellers participate in it, buyers in any candle formation. And sellers both participate, okay, so the phenomenon of our candle is like this, okay , so what we have learned in this, what is high, what is big, what is shadow, okay, what is open, what is close.
What is upper shadow? What is lower shadow? What is body? Okay, we have understood all the concepts, so now we will see about the types of candlestick patterns. What have we seen in the video till now? Till now we had seen in the video what is candlestick pattern, what is its importance and we had understood its basic that what is low of any candle, what is high, what is week, what is upper shadow, what is lower shadow. Let us understand about what is body and many other basics. Okay, now we will know about the types of candlestick. In general, we have three types of candlestick patterns. The first one is single. Second candlestick pattern is our double candlestick pattern, one two and three means one candlestick pattern, two candlestick pattern and three candlestick pattern, so let's go now. If we look at them, now we will know about the types of candlestick patterns, how many types of candlestick patterns are there, so generally we have three types of candlestick patterns, first, what is ours ? Is the candlestick pattern okay? Two candlestick pattern and what is our third? Three candlestick pattern.
Okay, so these are the three types of our candlestick patterns. One candlestick. Pattern Two Candlestic Pattern and Three Candlestic Pattern Okay, in today's video we will understand the One Candlestic Pattern in complete detail, the next video that will come will be on our Two Candlestic Pattern and Three Candlestic Pattern and the video after that will be This will be the most important video of Candlestick where I will tell you the meaning, I will tell you in a completely different psychology, okay, you will enjoy a lot in that video, okay, so now let's go to one. If we look at the candlestick patterns, now we will talk about single candlestick pattern. Now it should be clear from its name that it means such a candlestick pattern where we will talk about only one candle, then what do we call it? Single candlestick pattern is ok.
Now here I have drawn some two candling patterns for you. There are more and we will discuss further. Okay, now if I talk about this pattern, then first of all I will tell you the name of this pattern and then its function. I will tell you, okay, what is its name? This green one of ours is visible, what do we call it, it is called a hammer, okay, what is it called a hammer, now you must be feeling that it looks exactly like a hammer, that is why it is called a hammer.
What is ours? It is a hammer. What do we call it? We call it a shooting star. Shooting star. Okay, this is our hammer. This is our shooting star. Okay. Now tell me the name. What is this that is our hammer? Now color with its color Don't go to it, okay, leave the color, okay , you guys have to analyze it like this. If any candle is yours, you have to analyze it like this. If I talk about color at some places, then I also give white and black, okay. Don't color it go to that okay understand the psychology like this is our hammer so this is our bullish candlestick pattern okay this is a bullish candle okay now because this is a bullish candle and I just told you Bullish Candle. How to read its name as Bullish because it sells above the price? Okay, now what happens in this is that if I talk about this candle, what will be its open? This is our whole, the green part that is visible is its body. Okay, what is its body, okay, now this is what you can see below, now this is what is the end of the body, this is our open price, okay, what is the open price of the candle, this is where our candle opened.
What after opening? It must have happened that as this candle opened, our sellers were here. What did the sellers do? They brought this candle down to this point. So what do you make of it? What do you make of this candle? It is ok. What did the sellers do to bring this candle from open to here? Brought it down and made our low here, now what happened, we had many buyers at this low, there were too many buyers, so what did the bias do, picked up the candle from this low and how far did we take it to its high, okay so we What are people saying They say high, we took it to high and we had few sellers at high, so what did they do, they closed this price at our level, okay, so this is how any of our candles are made, okay, so this is what happened with the candle. After the previous one, now this is our bullish candle, so its body has become this, our open has become this, our close has become this, now because it is a bullish candle, from this we also know that the price has also increased, the price has also increased, sorry.
Ok open mean value Take it opened at Rs 100 and closed at Rs 110, that means the price increased and that means that is why this is a bullish candle. Okay, so this is our bullish. Now whenever this candle is formed on any support, let's say the market was falling. It was falling continuously, now what happened, support came, meaning support, I haven't told you support yet, so don't take tension, understand that support is a region from where the market rises in short. Now you understand this much, now what happened is that our market was falling, now the market came at support, our hammer candle became at support, then what will happen with the hammer candle because it is a bullish candle stick, what does it indicate to us that now the price is going up? If it is going to be made then whenever it will be made, suppose it is made on support, then what will happen now, now our price will rise from here. Okay, the market will start going up, so what does it indicate to us that the hammer is going to rise? Okay, here I have also told about it, how is the psychology of it, okay? First, the value has been opened.
Take it opened at Rs 100, its low was Rs 60, okay, at Rs 60, our buyers were very high, so what did the buyers do, how much was the high, it was Rs 120, okay, then what happened when here we had very few buyers. There were sellers, what did they do, they brought it down a little bit at the time of close, so our close was at 110, the candle where we closed was at 110, meaning we opened at 100 and closed at 110 . How much movement did it do? It went up to 60 and even up to 120, but when it opened, it was at 100 and when it closed, it was at 110. Okay, so it is like this. What do we call candles? It is called hammer. Well, by looking at it you must have realized that it looks like a hammer. Well, bullish candle is a stick.
What is the function of bullish? It is okay to move any price from bottom to top. If it is, then it has happened and whenever it forms any support, it means that the price is going to rise from there, like I can show you the screen of my laptop here, you can clearly see that where the support is below Look, you guys, you might be seeing one candle there, okay, maybe there is support, maybe trendline, trend line is also support, meaning support is straight and if I talk about trend line, it is a little oblique. Okay, so the same work is done, okay, the work of support is the same work of trend line, that means here we have more buyers and from here the market rises, okay, so you guys can see clearly here. That if we have support A hammer is formed, which you can see here. Okay, if a hammer is formed near the support, then from here you can clearly see how much the market has gone up.
Okay, so you have to see this thing, so what is a bullish hammer? It indicates that the price will remain above from here, okay, if I talk about shooting star, then what happens in shooting star, basically this is what we see in red, this is our body, okay now because this is how it is bearish. Candlestick pattern is ok because it is bearish so now what will happen is that its open will be above ok open what will be open will be above and close what will be ours will be below ok open is where the body starts ok Our close is where it closes.
Okay, this is our open close. Now what is the psychology behind this? What happened that the candle opened means open happened here. Now we had buyers here, so what did the buyers do? They took this candle to its high here. its okay Took it to high and what to do like let's say our open was 100 and taken to its high it was ours let's say 50 ok high now what was the high here here we had a lot of sellers here so what did the sellers do Break this high, that is, bring it from here to its low, okay, what did the sellers do, bring that candle to its low, okay, now where did it go from 150, let us assume it went to 80, okay? Now what happened here, we had very few buyers at this low, what did they do, brought it a little higher at the time of closing, okay, so it closed at 90 in our short, if I talk about it, where did it open, it closed at 100. And where was the close? It was at 90. Now because the price is coming down from top here, that means it will be a bearish candlestick pattern.
Okay, so you have to understand it like this. Okay, don't go by the color of any candle. You have to see its open. You have to see its close. If our open is below and close is above that means it is a bullish candle. If our open here is above and our close is below that means this is a bear candle. Okay, so you have to understand this thing. What do we call a shooting star? Now if this shooting star is formed anywhere on resistance. Now what is resistance? A region from where the market falls. Okay, so if this shooting star is formed on resistance anywhere. So let's say the market was rising, the market was making high highs for a long time, okay now what happened is the market came to a resistance and at the resistance our Y became a shooting star, okay now as soon as she becomes a shooting star, then from here The market will start falling, okay , so what does this indicate to us, that it makes the market fall, okay, if it forms a resistance anywhere, that means in the future, the market will fall, okay, so what has happened to us, it is a hammer.
Gone is our shooting star it's done This is a single candlestick pattern. Okay, this is the one candle we read. This is the one candle we read. Okay, this was our bullish candle. This was our bearish candle. Now you guys can also see in the chart that you can see a shooting star near the rafters and From there you guys see how much the market has fallen ok first what did the market do go up you guys look at the chart ok then there was a ref tum on the raft what happened shooting star became and from there how much the market has fallen ok You guys can see now this is our second pair of single candlestick pattern, the green one in this, what do we call it Dragon Fly Doji, okay what is it called Dragon Fly Doji, okay, this is its name, okay Dragon Fly Doji What do we call this dragon fly doji and what do we call this we call this grave stone doji this is the red one what do we call this grave stone doji ok this is the name It is okay now because don't go by its color.
I am saying again what I told you earlier that you have to check the low and high and all this. With that you can analyze any candle because the color keeps changing. I told you somewhere green. And we have talked about red somewhere, you will see only these colors as black and white, okay, green will be whitened, red will be blackened, then you should never see the color. Who do you have to see? The psychology I have told you is how to analyze that. His Open is to be seen, close is to be seen to be high, low is to be seen, then from that we have to decide that if open is below, close is above that means bullish candle stick is ok then it has to be matched that which bullish candlestick pattern is it hammer or dragon fly OG Is it or is there anything else that I will tell you further? Okay, so this is how you have to analyze any candle, not on the basis of its color.
Okay, so this is our candle, this is ours, how is this ours, this is ours. This is our bullish candle , this is our bullish candle and this is our red one, how is this ours, this is our bearish candle, okay , okay, now this is our bullish, this is our bearish, okay, what would have happened now, now again we are the same now I will do it for you myself i.e. Mac, first you guys try, pause the video and try whether you guys are able to open high, check all these where is any candle open, where is it? It is high, okay, check all that, now it must be done for you guys, okay, so now here because this is a bullish candle, now I have told you, so now what will happen, what will happen to us when it opens, okay, this is ours.
It is open, it is okay, we have to analyze it, okay, this is our open and this is our close, this is open, this close, where the candle opens, we call it open, this is our close, now what will happen, what happened from the open here. We will have many sellers on What will the sellers do? They will bring it till its low, it is okay, then what will happen to us at the low level. If there are too many buyers, what will the buyers do? They will bring it to its high. It is okay and they will bring it to the high, and whatever is high, now there is no point in it. Okay, here we had a wick that means this was its high. Now there is no wick here that means. What is indicating here is that our buyers from here brought it till the high and that will be the close. Where it closed would be its high, that is why it is called a very powerful bullish candle because in this the sellers were not able to put pressure from above.
The place where it closed was its high, that is why it is a very strong one. This is called a bullish candle. Okay, so this is ours. Now, if you see this candle anywhere at support, then support at support. For example, if the market is falling, okay , now let's assume that the market has come at support at support. If you see Dragon Fly Doji. appeared ​So what will happen now, the market will reverse and start going up, okay, this is how it gives us a prediction on the other hand, if I talk about Grave Stone Dodge, then it will be its complete opposite, okay now you guys try it yourself and see what happened.
Okay , here we must have opened. Okay, here we must have closed. Now, wherever we opened, there will be a lot of buyers. So what did the buyers do? We took it to its high. Okay, we took it to its high. It's high. Then what happened, here we had a lot of sellers and then they brought it to our low, okay and the low was its close, that means this is a very strong bear candle of ours because the buyers here were absolutely Even when she couldn't find her breath , she closed it at the same place where the sellers had brought her.
Meaning, whatever was its low, it closed at the same place, okay, that is why it is said that it is a very good bearish candle, if you see it anywhere near the resistance, it seems like the market is going up, okay, now the market has come to a resistance. Okay , near the resistance, if this candle is formed, that means that now the market can reverse here. Okay, so this is its function. What do we call it? Dragon Flat OG. What do we call this? Gravestone Doji is ok, so this is its psychology, ok, I have told you how it works, where is the open, where is the low, where is the high and that is ok, this is to be checked, you do not have to check on the basis of color, ok, so this is our There are four two types of pairs, the single candlestick pattern is fine, Hammer Shooting Style, Dragon Fly Doji and Grave Stone Doji, so now we will read the third pair, the single candlestick pattern is fine, now this is our third pair.
What is our name ? People will also do it. Okay, pause the video and do what I used to do. Open, close, low, high, match all and tell as per your opinion, which candle should it be. If you are not given this color, then how will you recognize that it is a candy candle? Correct So let's see it now because this is our body, okay, so what will happen to us here, this will be our open, okay this will be our close, okay now you must be thinking that brother, how can I recognize if If the color is removed that this will be the open, I will consider it open then the gaff will work, then whenever you look at the chart, you will always know the opening point, whenever any candle is formed, you guys will analyze in the chart that whenever any Too When a candle is formed, you know its open point , okay, and you also know the close, the close is formed after some time, okay, so when we know where our open is and where our close is, then we can guess this much. You can definitely assume that if the open is below, the close is above, that means it is a bullish candlestick pattern, then it is okay and if the open is above, the close is below, that means, it is a bearish candlestick pattern, then these things are okay.
Now let's see what would have happened in Bullish Spinning Top, what would have happened that our open has happened here, this is our body, this is our open, our close has happened here, what would have happened now that the open has happened here, okay what would have happened now. Who were our sellers here, were the sellers at the open pay, what did they do, bring it at our low, it is ok, where did we get this price, the sellers brought it at low, ok, this was our low, it is ok, now at the low price of the candle, we had a lot of buyers. What did they do with this price? I increased it and brought it to the high, ok now what was the high, again we had a lot of F failers, so what did they do from the high, then at the time of closing, they brought it just a little higher than where it had opened, ok.
So what do we call such a candle of ours? We call it a spinning top candle. Okay, if it is bullish, it means the open is below, the close is a little above, that means it is a bullish spinning top. If let's say the open is above, the close is a little below. Which one will that be ours? Okay, now one thing has to be kept in mind in this, the box which should be in comparison to our body, this wick should be more than double of ours, okay it should be more than 2x. Okay, this should also be more than 2x, that means in comparison to the body, the wicks should be more than double than that, then what do we call that candle? It is called spinning top bullish candle.
Okay, bullish spinning. Top is fine, now if the market is falling anywhere, the market is falling, now the market has come to a support, now at the support, what did you see that friend, I am not seeing a bullish spinning top, after watching this video, you guys will go to the chart, okay. Is different different, whatever I have taught you will analyze it, ok, see what happened if this pattern is formed then how the market has performed after that, ok write it in your notebook, ok only then you people have been able to learn, ok then What will happen If the market is coming down and if our bullish spinning top is formed then that means what can happen now is that now the market can reverse from here and go up, okay then this thing is same goes to our year it will become year What will be exactly its opposite in this? What will be ours? What will be open will be ours. Close will be ours. Below will be our open. The buyers, the buyers, took it higher at high pay, our sellers, the sellers brought it down to very low, now even at low, we had too many buyers, so what did the buyers do, then they closed it a little below where it was open, okay? So here let's say the open was at 100 and the close was at 95.
Okay, so there is very little price difference. Okay, so what do we call the one in which the body is very less and the wake is double of that? They say that it is okay, so this was our third pair, that too, now if it becomes our ref term anywhere, then that means that now the market can fall down. You people can also see in the chart that if Look above, you guys, it is formed near the resistance. Okay, near the resistance, the market rose from the bottom and went up. There, it was formed on the resistance and the market fell.
Okay, so you guys will analyze on such a chart as well. Okay, today this is After watching the video, you will see on the chart that all the candles I have placed are performing as my brother told me. Okay, so you will see these things. Now this is our fourth and fourth pair. This is our single candlestick pattern. It is okay. In this, what do we call it, we call it Maru Bujo Candle, okay, what do we call Maru Bujo Candle, okay, Maru Bujo Candle, these are our Japanese names, only then you face a little problem. If it is ok to read these then this is our Maru Buv candle. What is this, it is a very strong candle. In this you can clearly see that there is no wick at all, that means that here in this candle, the buyers are very strong. This means that the buyers did not allow it to go below the opening price. The buyers are so active that the closing price is its high. That means that the sellers did not allow it to fall below it at all. Okay, so that's why it is called our very strong candle.
Okay, now because the open is at the bottom, the close is at the top, that means it is a bullish candle. Now here, if we talk about it on the other hand, then the red one is this one. This is also our Marbo candle but this is our Biris. Okay, now you don't have to look at the color. Now I told you how to analyze it. Okay, so here we see how active the sellers are. Buyers can do something. If you could not do it here, then it is okay, then there is no sell at all here. If you are okay, then you could not squeeze it at all. Now this Maru candle is of two types, here you guys will see, there are two more types of candles. One of ours is Close Maru Bujo, one of us is Open Maru Bujo, meaning what is Open Maru Bujo, where at the time of opening there is Maru Bujo but at the time of closing, if there is a little selling, then it is okay. People call Open Marbo, what is Close Marbo, where Marbo is formed at the time of closing and a little bug is formed at the opening, okay, so that is ours, okay, F similar will be in our BRS, okay , so this is our Marbo.
When there was Buju concept, these were some of our single candlestick patterns. Now this is our Maru Buju candle. It is said to be a very strong candle, if we assume it is formed on support like this Bullish Marubo. If you see a candle somewhere on the support then that means there is a 95 chance that now the market will go up considerably from here and in a similar case to bearish, it is okay. If you see a bearish candle somewhere on the resistance then that means that now the market will go up significantly from here. It is going to fall down, okay, this is called a very strong candle, what is called the strongest candle of the stock market, okay, the Maru Bujo candle, so this is ours, all four means all the pairs. We have read about single candlestick pattern, so here our single candlestick pattern ends, now what will we read in the next video, now we will read in the next video about double candle, meaning two candlestick pattern and three candlestick pattern, okay in the next video.
So till then stay tuned thank you so much for watching the video.
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