How to trade using black hollow candlestick pattern

How to trade using black hollow candlestick pattern

BLACK HOLLOW CANDLESTICK PATTERN

BASIC INFO Black hollow candlestick pattern, jo kay technical analysis main use hota hai, aik bearish reversal pattern hai. Ye pattern doosray candlestick patterns ki tarah hota hai, jaisay kay dojis, hammers, ya gravestone dojis. jab aik black hollow candlestick pattern ban jata hai, to yeh show karta hai kay market kay buyers or bulls kay control market say bahir ja raha hai. Is pattern ki khaas baat ye hai kay iska body black color ka hota hai or iski upper shadow nahi hoti, jabkay lower shadow ki length hoti hai. DETAILS is pattern main candle ki opening price or closing price barabar ya kuch had tak barabar hotay hain. Is pattern ki upper or lower shadows nahi hoti, jabkay iski body ki jagah hollow area hoti hai, jo kay black color ki hoti hai. is pattern ka matlab hota hai kay market kay sellers or bears kay control market main aa rahe hain or buyers or bulls ki power kam ho rahi hai. Agar yeh pattern strong ho to iska matlab hai kay bearish trend confirm ho gaya hai or prices ka future trend downward ho ga. IDENTIFICATION Black Hollow Candlestick pattern ki pehchan chart analysis ke zariye ki jati hai. Is pattern ki pehchan is tarah ki jati hai k jab market ka trend downward hota hai aur candlestick ki body black hoti hai magar iski upper wick aur lower wick dono me se koi bhi ek nahi hoti. Matlab ki is candlestick ki body me trading range ki price movement hoti hai jis ki wajah se iski body hollow nazar ati hai. ADVISE FOR TRADERS Black Hollow Candlestick pattern ki use karte waqt market ki bearish trend ko confirm kiya jata hai. Agar is pattern ke baad doosra bearish candlestick bhi banta hai to yeh confirm karta hai k market ka trend downward hai. Iske baad trader apni trade ki entry point determine kar sakte hain aur stop loss aur take profit levels ko set kar sakte hain. TRADING STRATEGY Black Hollow Candlestick Pattern ki trading strategy ko step-by-step samjhane ke liye, neechay diye gaye kadam follow karein: STEP 1 Sab se pehle, apne chart par Black Hollow Candlestick Pattern ko pehchanen. Yeh aik bearish reversal pattern hai, jismein market ki bullish trend khatam hoti hai aur bearish trend shuru hoti hai. Is pattern mein, candlestick ki body khali hoti hai aur uski shadow bahar ki taraf nikalti hai. STEP 2 Agar aap Black Hollow Candlestick Pattern dekhte hain, toh yeh ek signal hai ke market mein bearish trend start hone wala hai. Isliye, is signal ke baad, aapko short position lena chahiye. STEP 3 Apne stop-loss level ko set karein. Stop-loss aapki position ko protect karta hai agar market unexpectedly move against you. Agar price aapke stop-loss level tak pahunch jaata hai, toh aapki position automatically close ho jayegi. STEP 4 Profit target set karein. Agar aapko pata hai ke market mein bearish trend hone wala hai, toh aap apne profit target ko set kar sakte hain. Aap apni position ko close kar sakte hain jab market aapke profit target tak pahunch jaaye. STEP 5 Apni position ko monitor karein. Jab aap apni position open kar lete hain, toh usko monitor karna bhi zaroori hai. Market ki movements par nazar rakhein aur apne stop-loss aur profit target ko adjust karte rahein. STEP 6 Agar market aapke favor mein move karta hai, toh aap apni position ko move kar sakte hain. Aap apne stop-loss aur profit target ko update kar sakte hain agar market ki movements aapke favor mein jaari rehti hain. SUMMARY Yeh pattern sell trade ki entry point ka bhi indicator ho sakta hai. Agar market ka trend already bearish hai aur iske baad black hollow candlestick pattern banta hai to yeh confirm karta hai k sell trade ki entry point hai. Is pattern ki pehchan chart analysis ke zariye ki jati hai is liye chart ki sahi samajh bahut zaroori hai. Trader ko is pattern ko pehchana sikhna chahiye aur iske sahi use ke liye demo trading karna chahiye.