understanding piercing candlestick pattern :

Understanding piercing candlestick pattern :

Iercing ak candlestick sample ha or ya pattern hum market ma downtrend ke traf dakhna ko mil or ya sample marketplace ma downtrend ke traf ban market ko uptrend ke traf reversal karna ka kam karta ha. Ua piercing pattern jab banta ha to is sa phalay market strongly decrease ke traf ja rahe jo ge or ya sample marketplace ma is strong downtrend ka backside ma banay ga or ya market ma lower ke traf ban kar market ka is downtrend ko give up kara ga or marketplace ko reverse kara ga or is ma marketplace reverse hote hoi downtrend sa upward ke traf jay ge or ya sample huma market ka sturdy hogh ke traf jana ka batay ge. Ya piercing sample market ma lower ke traf two candles ka sath mil kar banay ga kr ya do candles sa specific seque UNDERSTANDING PIERCING CANDLESTICK PATTERN : Ya piercing candlestick pattern jab market ka chart ma banay ga to is pattern sa phalay marketplace ma bear ka control ho ga or is sample ka bannay sa phalay jo marketplace ke charge ho ge wo is undergo ka control or is bear ka strain sa lower ke traf ja rahe jo ge or ya endure is time market ma ak robust downtrend ko bana rahe ho ge or is pattern ke jo first candle banay ge wo bhi market ma is endure ka manage sa banay ge or is ma bhi jo market ke fee ho ge wo strongly is bear ka pressure sa lowee ke traf jay ge or lower ma ak new low point ko banay ge or hima marketplace ka strongly decrease kw traf jana ka batay ge magar jab market ma is pattern ke is first candle ka horrific ak hole ay ga or ya gap bhi is bear ka stress sa banay ge or is ma bhi jo marketplace ke price ho ge wo lower ke traf jay ge magar jab is pattern ke 2d candle banay ge to ya marketplace ka is bear ka manipulate ko lost kar da ge or marketplace ma is bull ka strain a jay ga or ya bull market ko strongly decrease sa excessive ke traf reversal kar da ga or marketplace is sample ke is 2nd candle ma is bull ka pressure sa ak lengthy candle banay ge jo ka huma excessive market ka upward ke traf reversal ho kar jana ka batay ge or traders ko ya marketplace ka upward ke traf jana ka signal da rahe ho ge. Ya pattern huma marketplace ma resistance stage ka near ma dakhna ko mil jay ga or ya resistance degree bhi marketplace ma bull ka strain ko boom karna ka kam kara ga or marketplace ka strongly high ke traf reversal ho kar jan ka bata rahe ho ge.

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Piercing Line Candlestick Pattern

Piercing 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 chahiye, lekin ye zarori nahi hai, bulkeh dosri candle pehli candle k close price k qareeb bhi open ho sakti hai. Pattern ki dosri candle ka close price pehli candle k wast point se 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.

Candles Formation

Piercing line candlestick pattern k leye zarori hai, k prices ka bottom ya bearish trend ho. Pattern k bottom prices se reversal k chances ziada hote hen. Piercing line candlestick pattern do mukhalif candles ka hota hai, jiss main candles ki formation darjazzel tarah se hoti hai; 1. First Candle: Piercing line candlestick pattern ki pehli candle aik long real body main bearish candle banti hai. Ye candle prices k bottom par ya low prices area main sellers ki dilchaspi dekhati hai, jo prices ko lower side par push karti hai. Ye candle black ya red color main hoti hai, jo k beal body k sath hoti hai. 2. Second Candle: Piercing line candlestick pattern ki dosri candle bullish trend wali candle hoti hai, jo k prices k direction ko badal deti hai. Ye candle aik long real body main banti hai, jiss ka open pehli candle k bottom par gap main hota hai, jab k close ussi candle k real body k centre se ooper hota hai.

Explanation

Piercing 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 darmeyan se 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

Piercing 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.