WEBVTT 00:02.370 --> 00:05.620 In this video we're going to take a look at the Hiromi. 00:05.650 --> 00:12.520 There are two versions is a bullish on the bearish and the Rami is well Hiromi is a Japanese word for 00:12.520 --> 00:18.590 pregnant woman and therefore that's your first hint that this is a too kind of sick pattern. 00:19.870 --> 00:29.330 And essentially what we're looking at is a candlestick that's a little bit bigger. 00:29.410 --> 00:34.290 The first one that is followed by the baby. 00:34.300 --> 00:36.070 That's the mother and the baby. 00:36.070 --> 00:40.450 You'll notice that there's a gap and a tightening of range. 00:40.450 --> 00:49.470 So if it is a bullish Hiromi what you'll see is a downtrend and then on this last day will gap up and 00:49.470 --> 00:54.150 we'll just kind of tighten up a little bit and shows that perhaps the market at the very least is running 00:54.150 --> 00:58.790 out of momentum or could be trying to accumulate buyers. 00:59.110 --> 01:05.960 And then you get a move higher and that is a bullish Hiromi the bearish one the exact same opposite 01:05.960 --> 01:07.760 is true or rallying. 01:08.270 --> 01:13.960 We get a continuation candle and then we get a gap lower in the market just hangs there. 01:14.230 --> 01:17.660 There's no attempt to try to break it out to the upside. 01:17.660 --> 01:25.690 So then it becomes bearish once we flip over and roll back on the other side of the hill as it were. 01:25.850 --> 01:31.730 They don't happen all the time but by their very nature they tend to happen on daily in higher time 01:31.850 --> 01:36.650 frame charts because of course you need the gap. 01:36.970 --> 01:41.050 So you can't necessarily expect them as an intraday trader. 01:41.050 --> 01:49.100 I mean it's not this can't get them it's just that it's extraordinary were extraordinarily rare for 01:49.100 --> 02:00.590 that to happen so here on the rise and we have a red candle after a nice selloff followed by a gap in 02:00.590 --> 02:07.900 a tighter and smaller candlestick and then a break to the upside and that is a bullish Hiromi. 02:07.970 --> 02:14.870 The trigger is once you break the top or in the case of a bearish when the bottom of the mother the 02:14.950 --> 02:22.980 stop loss goes on the other side of the candlestick formation and you just simply manage your trade 02:23.010 --> 02:29.150 as per usual this one makes a lot of sense to me at least because 02:31.810 --> 02:39.940 you can see we are right here where we had seen support previously the classic signal no reason to be 02:39.940 --> 02:44.950 overly concerned especially when you break 50 than you get the psychological break and you continue 02:44.950 --> 02:54.870 to go much higher here in the QS we have one at the top of a very stretched out run you can see that 02:54.870 --> 03:03.230 we had been basically parabolic had been screaming for some type of sell off you can see that this level 03:03.230 --> 03:09.860 not only mattered here and this bearish drama that kicked off a pretty significant move to the downside 03:10.700 --> 03:14.570 but later on it had been important a couple of times as well. 03:14.570 --> 03:18.920 Very interesting how the market repeats See nothing's really random when you start looking at it like 03:18.920 --> 03:24.830 this both of these candlestick patterns were very useful and they both worked out quite well. 03:24.830 --> 03:31.330 You don't see these a lot and keep in mind that so here's an example here. 03:31.400 --> 03:38.480 Your first instinct might be well this is a bullish Hiromi but this Wick went well below the mother 03:38.480 --> 03:41.070 candlestick so it's not a bullish Hiromi. 03:41.150 --> 03:47.790 This is actually a hammer which of course is a variable a sign. 03:47.990 --> 03:53.990 That being said it did work out but you have to be careful you need to make sure that you are completely 03:53.990 --> 03:56.540 contained within the mother to be a true Hiromi.