Bullish Meeting Line Candlestick Pattern

Bullish Meeting Line Candlestick Pattern

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Bullish Meeting Line Candlestick Pattern

Bullish meeting line candlestick pattern price chart par banne wala aik two days ka bullish trend reversal pattern hai, jo k low price area ya bearish trend k dowran banta hai. Pattern ki pehli candle bearish jab k dosri candle aik bullish candle hoti hai. Pattern ki dosri bullish candle k open price pehli candle se nechay gap main open honi chaheye. Pattern ki dosri candle ka close price pehli candle k same close price k ooper hona chahiye, lekin iss k close price k nechay aur open price k ooper nahi hona chaheye. Pattern ki dono candles real body main lazmi honi chaheye, jab k candles k shadow ka hona ya na hona zarori nahi hai. Dono candles k darmeyan banne wala gap dosri candle ki real body se cover hota hai, jiss ka normal chart par sahi andaza nahi hota hai.

Candles Formation

Bullish meeting line pattern market main prices par bearish ka asarat ko khatam karne ki koshash karte hen, jo k do candles ka aik trend reversal pattern hai. Pattern main candles k opening prices aik dosre k opposite hona aur closing price same hone se ye aik qisam ka unique pattern ban jata hai, jiss main candles ki formation darjazzel tarah se hoti hai; 1. First Candle: Bullish meeting line pattern main shamil pehli candle bearish hoti hai, q k ye pattern aik bearish trend k akher main banta hai, to ye candle color main black ya red hoti hai. Ye candle aik strong real body main honi chaheye. 2. Second Candle: Bullish meeting line pattern ki dosri candle bullish candle banti hai. Ye candle pehli candle se nechay gap main open ho kar ussi k closing price par close ho jati hai. Pattern ki ye candle aik white ya green color main hoti hai, jo k trend reversal ka sabab banti hai.

Explanation

Bullish meeting line candlestick pattern two days candles ka trend reversal pattern hai, jiss main pehli candle aik normal bearish candle hoti hai, jo prices main bearish trend aur selling pressure zahir karti hai. Ye candle shadow samet ya shadow k bagher bhi ho sakti hai, jab k pattern ki dosri candle aik bullish candle hoti hai, jo k pehli candle k bottom gap main open ho kar pehli candle k same closing price k ooper close hoti hai. Ye candle market main buying control ko zahir karti hai, jo prices k sabeqa trend k khatemay par banta hai. Ye pattern dekhne aur candles ki formation same bullish belt-hold line candlestick pattern ki tarah hota hai, aur dono same bullish trend reversal k leye istemal hote hen, lekin dosri candle ki thori si tabdeeli ki waja se dono pattern aik dosre se mukhtalef bante hen.

Trading

Bullish meeting line candlestick pattern prices k bottom par banne ki waja se market main buyers ziada active ho jate hen. Pattern ki dosri candle prices ko bearish trend k leye support zone banati hai, jiss k baad prices teezi k sath upward rising shoro karti hai. Pattern par trade enter karne se pehle aik confirmation candle ka hona zarori hai, jiss ka open price apne close price k nechay hona chaheye aur dosri candle k upper par close honi chaheye. Lekin agar confirmation candle ki jagah agar bearish candle banti hai, to ye pattern invalid ho kayega, jiss par trade entry nahi karni chaheye. Indicators par value lazmi oversold zone main honi chaheye, jiss ki confirmation lazmi hai. Stop Loss pattern k sab se bottom position jo k dosri candle ka low price banta hai, se two pips below set karen.