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This is the Modibo Candlestick Park, the model was Candlestick Pattern has a long body and almost no
shadows as I have drawn in the diagram below.
This is the Polish model bosu and this is the British model Buzo.
The same open high are the same as we have discussed in the previous lecture of the candlesticks.
Marabouts has no shadows.
Sometimes you can't find perfect.
Mobutu's on the chart, but it's completely normal.
It has almost no shadows.
Or sometimes if there is a small shadow, it is valid model.
Buzo means complete dominance, supremacy marabouts.
You can be bullish or bearish when the bottom model is form on the chart.
Intec indicates complete dominance, complete control.
For example, if there is a bullish model on the chart, it means that the buyers completely dominate.
This dominated the session and the sellers remain quiet.
If there is a benchmark buzo, it means that the sellers within the control and the buyers remain silent.
The interpretation of my proposal is reversal or continuation of the trend.
If the market is in a downturn and a bullish model also appears.
This means buyers are optimistic and sellers have left resistance, the trend is about to change.
Now, in case if the price was dropping and the bearish model appears, this means continuation of the
trend.
The price will drop more, vice versa, if the price is in uptrend and bullish model appears.
This means the price will continue to move further.
Let's have a look on some chart examples.
This is the Berkshire Hathaway chart will be identifying some multiples on the chart.
Have a look at this one.
Have a look at this one.
The price was clearly in a downtrend.
The price was clearly in a tank and a bullish marabouts appeared to hit, a bullish marabout appeared
over here.
As you can see here, the bullish Marusa appeared overhead.
The price ranged all the way up.
The trend changed here.
The buyers became optimistic and the sellers lost control.
Price went all the way up
around 22 percent.
The price rallied upwards.
Let's have a look at another one.
This is another model.
As you can see here, the price was in a downtrend, a bearish Mobu appeal, which means the sellers
still have some space.
The sellers are still in control and the price drop further.
This means the continuation of the downtrend is still there.
See a bearish appeared and the price drop.
Let's have a look at another example.
Check this one on the price range all the way up, a very small bouzouki, which means the sellers were
complete sellers, completely dominated this session, were in control.
There were no buyers at this point.
This means continuation of the trend drop further.
As you can see, the price dropped further.
Let's have a look at another one.
The price rallied upwards.
The price rallied upwards.
As you can see here, a bearish mahoso came.
Sellers completely were in control of this scandal.
The price dropped further ahead.
Which indicates continuation of the trend.
Let's have a look at this one also.
This is a bullish model.
As you can see, the price was you know, we was moving up a bullish model bouzouki.
A bullish model also came.
And the price continued for the reports.
So this was the explanation of the marabouts candlestick in which we studied the characteristics, the
interpretations with life chart examples and how to identify them after watching this go to creating
new dot com and practice and try to identify these patterns as much as possible.
Let's move forward to our next picture.
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