What is pipe top and pipe bottom candlestick pattern?

What is pipe top and pipe bottom candlestick pattern?

Asalamualikum dear members ummed Hy ap sb bht achi earning hasil kr rhy hon gy.dear members jsa k ap janty Hain market k factors ko smjhna bht zaruri Hy. Pipe top and pipe bottom : Dear members forex market mein pipe top and pipe bottom yeh aik double candlestick pattern hy. Yeh pattern hr timeframe pr useful hy but yeh pattern long time frame pr zyada acha work krta hy. Yeh aik reversal candlestick pattern hy jo trend ko change krta hy. Dear es pattern ko pipe ka naam es liye diya gya hy kun k es mein two candlestick aik sath bnti hy jo k pipe ke trah lgti Hy. pipe top candlestick pattern bullish stand k and mein bnta hy or yeh trend reversal ko indication dta hy. or dear members pipe bottom candlestick pattern yeh bri stand k end mein bnta hy or yeh vitran traversal ka indication dta hy pattern mein b do candle eik sath bnti hy jo k pipe k shakal ke Nzr ati Hy or yeh pattern retrenchment ko b indication dta hy es liye es pattern ko pipe top and pipe bottom candlestick pattern kehty Hai Identification : Dear members forex market mein pipe top and bottom candlestick pattern mein es ke different components hoty Hain . Components : Spikes: spikes ka matlab hota hy baht lmbi price movement Jo k previous movement sy zyada hoti hy es mein two long candles bnti hy jo dono opposite direction mein hoti hy es mein first candle hoti hy or es candle hoti hy. Overlap: Dear members forex market mein jb dusri candle banti hy to dono candles patterns share karti Hain or en dono candle ke hight match krti hy. yeh important nai hota k dono ke hy. en donon matching ko overlap kaha jta hy. Volume : Es pattern ke validity ka important factor average sy zyada market ke volume mein involve hona chaheay spike k banney mein help krta hy. Confirmation : Dear es pattern ke confirmation hoti hy k jb es pattern k next candle Bny to howa us ke closing price sy bottom mein hona Chaheay. Jb k pipe top mein next candle es pattern ke closing price sy upper close hona Chaheay. How to trade: Dear members forex market mein trading k liye pattern k complete hony Ka wait karna chaheay or jb pattern complete ho jaye to next candle ke open pr trader ko sal ki trade active karni chaheay es pattern mein stop loss pipe top sy hy pr thoda opr place or take profit ko price ke equal place krein.

Pip Top & Bottom Candlestick Patterns Guide. Candlestick patterns are graphical representations of price movements in the financial markets. They can provide valuable insights into market sentiment and potential trend reversals. In Roman Urdu, "Top" refers to the highest point or peak. Here are some common uses of top candlestick patterns. Reversal Signals. Top candlestick patterns can indicate potential reversals in an uptrend or bullish market sentiment. These patterns often occur after a prolonged price increase and can suggest that the market might be running out of steam. Traders use top patterns as signals to potentially enter short positions or take profits on long positions. Resistance Levels. The formation of a top candlestick pattern near a significant resistance level can reinforce its strength. Traders look for these patterns to identify areas where selling pressure could intensify, potentially leading to a price reversal or a temporary halt in the upward movement. Confirmation of Bearish Signals. Top candlestick patterns can confirm other bearish signals, such as technical indicators or trendline breaks. When these patterns coincide with other indications of a potential downtrend, traders may consider it as a stronger bearish signal and act accordingly. Pipe Bottom Candlestick Pattern Uses. In Brief, "Pipe Bottom" refers to a specific candlestick pattern that resembles the shape of a pipe at the bottom. Here are some common uses of pipe bottom candlestick patterns: Reversal Indicators. Pipe bottom candlestick patterns can serve as potential indicators of trend reversals in a downtrend or bearish market sentiment. These patterns typically occur after a prolonged price decrease and can suggest that selling pressure may be exhausting. Traders may interpret pipe bottom patterns as a signal to potentially enter long positions or take profits on short positions. Support Levels. When a pipe bottom candlestick pattern forms near a significant support level, it can strengthen the support level's significance. Traders watch for these patterns to identify areas where buying pressure could intensify, potentially leading to a price reversal or a temporary halt in the downward movement. Confirmation of Bullish Signals. Pipe bottom candlestick patterns can confirm other bullish signals, such as bullish indicators or trendline breaks. When these patterns align with other indications of a potential uptrend, traders may consider it as a stronger bullish signal and make trading decisions accordingly. Overall, both top and pipe bottom candlestick patterns can provide valuable insights into potential trend reversals and market sentiment. Traders use these patterns along with other technical analysis tools to make informed trading decisions.