trading strategy for three bar candlestick patten

Trading strategy for three bar candlestick patten

THREE BAR CANDLESTICK PATTERN

INTRODUCTION Three Bar Candlestick Pattern, ya Teen Mombatti Chiragh Pattern, technical analysis mein istemal hone wala aik common pattern hai. Ye pattern bullish aur bearish dono scenarios mein dekhne ko milta hai. Bullish Three Bar Candlestick Pattern: Agar teen achay bullish candles ko dekha jaye jin mein pehla candle aik small bullish candle hai, doosra candle bhi small lekin pehle candle se thora bara hota hai aur bullish hai aur teesra candle pehlay dono candles se bara hota hai aur kafi strong bullish close karta hai to yeh Bullish Three Bar Candlestick Pattern hota hai. Ye pattern bullish reversal ka indication deta hai aur traders is pattern ki madad se bullish trend ki entry points find karte hain. DETAILS Bearish Three Bar Candlestick Pattern: Iska opposite hai Bearish Three Bar Candlestick Pattern. Agar teen achay bearish candles ko dekha jaye jin mein pehla candle aik small bearish candle hai, doosra candle bhi small lekin pehle candle se thora bara hota hai aur bearish hai aur teesra candle pehlay dono candles se bara hota hai aur kafi strong bearish close karta hai to yeh Bearish Three Bar Candlestick Pattern hota hai. Ye pattern bearish reversal ka indication deta hai aur traders is pattern ki madad se bearish trend ki entry points find karte hain. TRADING STRATEGY Agar aap tin bar candlestick pattern ka istemal karna chahtay hain, toh yeh steps follow karain: Trend confirm karein: Sab se pehlay, market ki trend ka confirm karna zaroori hai. Agar trend up hai, toh aap long positions lena chahtay hain aur agar trend down hai, toh short positions lena chahtay hain. Three bar pattern ki identification: Dusra step hai three bar candlestick pattern ki identification karna. Is mein pehli aur teesri candlesticks ki range choti hoti hai aur doosri candlestick ki range lambi hoti hai. Confirmation ke liye, fourth candlestick ka wait karein: Tin bar candlestick pattern ki confirmation ke liye, aap ko fourth candlestick ka wait karna hoga. Agar fourth candlestick doosri candlestick ki high se above close karta hai, toh aap long position lena chahtay hain. Aur agar fourth candlestick doosri candlestick ki low se below close karta hai, toh aap short position lena chahtay hain. Stop loss aur take profit set karein: Position enter karne se pehlay stop loss aur take profit levels set karna zaroori hai. Stop loss aap ke trade ko loss se bacha sakta hai, jab ke take profit aap ko profit booking karne mein help kar sakta hai. Position enter karein: Jab aap tin bar candlestick pattern ki confirmation ke baad apne stop loss aur take profit levels set kar lain, toh aap apni position enter kar saktay hain. Position exit karein: Jab aap ka target ya stop loss hit ho jaye, toh aap apni position exit kar saktay hain. CONCLUSION Ye strategy aik simple aur effective approach hai, jis mein aap three bar candlestick pattern ki identification aur confirmation kar ke apni trades enter aur exit kar saktay hain. Three Bar Candlestick Pattern ki identification karne ke baad traders stop loss aur target prices set kar sakte hain aur in patterns ki madad se trading strategies develop kar sakte hain.