Trading using long upper shadow candlestick

Trading using long upper shadow candlestick

LONG UPPER SHADOW CANDLESTICK

BASICS Long Upper Shadow Candlestick ka concept chart analysis mein hota hai. Jab kisi stock ka price ek din ke dauran high level par open hota hai aur phir uska price niche aata hai aur wohi day low banta hai. Yeh low price, open price se bohat kam hota hai. Isi wajah se candlestick ka upper shadow bohat lamba banta hai, jo ki candlestick ki body se bohat zyada upar hota hai. FURTHER DETAILS Iss situation ko market mein "Long Upper Shadow" kehte hain aur iska matlab hota hai ki buyers initially market mein aggressive ho gaye thay aur price ko upar le gaye thay, lekin phir sellers market mein dominant ho gaye thay aur price ko neeche le gaye thay. TRADING STRATEGY Long upper shadow candlestick ko dekhtay huay trading karne ke liye kuch steps hain: STEP 1 Pehlay to apko yeh samajhna hogaa kay Long Upper Shadow Candlestick kiya hai. Yeh candlestick pattern tab banta hai jab price bar ki high pe jaata hai, lekin usi session me price bar ki closing low pe hoti hai. Yeh bullish trend kay end ko indicate karta hai. STEP 2 Agar aap Long Upper Shadow Candlestick ko dekh rahay hain aur yeh kisi trend ke end ko indicate kar raha hai, to aap sell kar saktay hain. Aap isko apni trading strategy me incorporate kar saktay hain. STEP 3 Agar aap ek stock ya cryptocurrency me long position le rahay hain aur aapko Long Upper Shadow Candlestick dikhai deta hai, to aapko cautious hona chahiye. Aapko apni position ko close karnay ki soch saktay hain. Agar price bar ki high ki taraf se resistance level hai, to yeh aapko aur bhi cautious hona chahiye. STEP 4 Long Upper Shadow Candlestick ko khud ba khud trade karne ke liye istemal nahi karna chahiye. Yeh sirf ek indicator hai aur aapko dusri tools aur indicators ke saath use karna chahiye, jaise ki trend lines, support aur resistance levels, aur moving averages. SUMMARY Is tarah ke candlestick patterns ko dekh kar traders market ki trend aur sentiment ko analyze karte hain aur apni trading strategies ko banaate hain.Mujhe umeed hai ke yeh post aapki trading ko improve karne me madad karega.