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