trading strategy using bearish splitting line candlestick pattern

Trading strategy using Bearish Splitting Line candlestick pattern

BEARISH SPLITTING LINE CANDLESTICK PATTERN

BASIC INFORMATION Bearish Splitting Line, yaqeenan aik bullish trend ke bad iska matlb hota hai ke market bearish trend mein ja sakta hai. Is pattern ki identification ke liye, aapko do candlesticks ki zaroorat hogi, aik bullish aur aik bearish. IDENTIFICATION Bullish candlestick ki body mein ziada se ziada green color hota hai aur uski closing price, opening price se ziada hoti hai. Jabke bearish candlestick ki body mein ziada se ziada red color hota hai aur uski closing price, opening price se kam hoti hai. Agar yeh dono candlesticks ki body ki sizes ek dosre ke barabar hon, to yeh Bearish Splitting Line pattern ki taraf ishara karta hai. ADVISE FOR TRADERS Is pattern ke use ke liye, jab aap is pattern ko identify karte hain, to yeh aapke liye aik sell signal hai. Iska matlab hai ke aapko apni long position ko exit karna chahiye aur short position lena chahiye. Yeh aapko market ke reversal ke baray mein batata hai, jis se aap future price ka andaza laga sakte hain. TRADING STRATEGY Bearish splitting line candlestick pattern ek bearish reversal signal hai jo kisi bhi security ya market mein trend change ka indication deta hai. Is pattern ko samajhne ke liye, yeh zaroori hai ke aap pehle candlestick chart analysis aur price action ke basic concepts ke baare mein jaan len. Yeh hai step-wise trading strategy bearish splitting line candlestick pattern ke liye: STEP 1 Pehele apko bearish splitting line pattern ko identify karna hoga. Is pattern mein, ek bullish candlestick ke baad ek bearish candlestick aata hai jiske opening price previous candlestick ke closing price ke barabar ya usse upar hota hai aur uske closing price previous candlestick ke midpoint se neeche hota hai. Is pattern mein, bearish candlestick ke body mein kuch bottom wicks bhi ho sakte hai. STEP 2 Agar aap bearish splitting line pattern ko identify kar lete hai, toh phir apko ek sell trade place karna hoga. Agar aap already long position mein hai, toh apko apni position ko close kar lena chahiye aur short position enter karna chahiye. STEP 3 Apko stop-loss order lagana hoga ek level par jo aapke risk management plan ke hisaab se sahi ho. Agar market aapke against move karta hai, toh apki stop-loss order execute ho jayegi aur aapka loss kam ho jayega. STEP 4 Apko profit target set karna hoga, jo ki support level ya previous lows ke pass ho sakte hai. Isse aap apna risk reward ratio improve kar sakte hai. STEP 5 Apko market ko closely monitor karna hoga, kyunki agar market aapke against move karta hai, toh apko apni trade ko exit kar lena chahiye aur apni losses ko minimize karna chahiye.