profit earning strategy using spike candlestick pattern.

Profit earning strategy using spike candlestick pattern.

SPIKE CANDLESTICK PATTERN

INTRODUCTION Spike candlestick pattern aik technical analysis tool hai jo traders istemal karte hain. Ye pattern market mein aam hota hai aur price volatility ya trend reversal ki indication deta hai. DETAILS Spike candlestick pattern ke kuch common variations hote hain, jaise ki pin bar, hammer, shooting star, ya inverted hammer. In patterns ko samajhne ke liye, traders ko market trend aur support/resistance levels par dhyan dena hota hai. Agar ek bullish spike candlestick pattern market trend ke against form hota hai aur support level ke near ho, toh yeh ek potential buying opportunity ho sakti hai. Wahi agar bearish spike candlestick pattern market trend ke against form hota hai aur resistance level ke near ho, toh yeh ek potential selling opportunity ho sakti hai. IDENTIFICATION Spike pattern ko identify karne ke liye, aapko candlestick charts ki madad leni hogi. Is pattern mein, aik candlestick ki body normal se lambi hoti hai aur woh jaldi se banta hai aur barish ya bullish market mein price mein tezi ya girawat darshaata hai. Is pattern mein candlestick ki shadows bhi lambi hoti hain.Spike candlestick pattern ki pehchan karne ke liye, humein do cheezon par tawajjuh deni hoti hai: body aur wick (ya shadow). Body candlestick ki main rectangle shape hoti hai aur wick candlestick ke upper aur lower taraf extend hoti hai. Agar ek candlestick ka body chota hai aur uski wick lambe hai, toh hum ise spike candlestick pattern kehte hain. TIPS FOR TRADERS Spike pattern ka istemal karte hue, traders price movements aur trend reversals ko samajhne ki koshish karte hain. Jab market mein spike pattern dikhe, to yeh ek potential buying ya selling opportunity samjha jata hai, depending on the direction of the spike. IMPORTANT NOTE Agar kisi currency pair ya stock ke price mein bullish spike pattern dikhe, toh yeh uptrend ke signal samjha jata hai aur traders buy karte hain. Wahi agar bearish spike pattern dikhe, toh yeh downtrend ke signal samjha jata hai aur traders sell karte hain. TRADING STRATEGY Spike candlestick pattern ka trading strategy ko step-wise use karne ke liye, traders ko niche diye gaye steps follow karne chahiye: STEP 1 Trend identification: Pehle market trend ko identify karna zaruri hai. Iske liye, traders price action analysis, moving averages, ya trend lines ka istemal kar sakte hain. STEP 2 Spike pattern ki pehchan: Agar trend bullish hai, toh bullish spike candlestick patterns jaise ki pin bars ko dhundhein. Agar trend bearish hai, toh bearish spike candlestick patterns jaise ki shooting stars ko dhundhein. STEP 3 Confirmation: Spike candlestick pattern ki pehchan karne ke baad, ek confirmation signal ki talash karein. Iske liye, kuch traders additional indicators ya price patterns ka istemal karte hain. STEP 4 Entry point: Jab confirmation signal mil jaye, entry point ka decide karein. Entry point market order, limit order, ya stop order ke through place kiya ja sakta hai. STEP 5 Stop loss aur target levels: Har trade mein stop loss aur target levels set karein. Stop loss level aapki risk tolerance aur market volatility par depend karta hai. Target level profit booking ke liye rakha jata hai. STEP 6 Risk management: Hamesha ek sahi risk management plan banayein. Apne trading capital ko protect karne ke liye, risk per trade ko limit mein rakhein. STEP 7 Trade management: Jab trade execute ho jaye, uski progress ko closely monitor karein. Agar market conditions change ho jayein ya trade expected direction mein nahi jaa rahi ho, toh trade ko modify ya close karne ka faisla lein. Spike candlestick pattern trading strategy ko istemal karne se pehle, practice aur backtesting zaruri hai. Isse aapko pattern ki samajh aur apne trading skills par confidence milega. Trading mein hamesha discipline aur patience maintain karna bhi mahatvapurna hai. SUMMARY Spike candlestick pattern ek technical analysis tool hai jo traders ko market movements ko samajhne aur trading decisions lenay mein madad deta hai. Yah pattern chart par dikhai dene wale special candlesticks hote hain jo sudden price movements ya volatility ko darshate hain. Lekin, spike pattern ki identification sirf ek indicator hai aur iski confirmation aur dusre technical analysis tools ke saath istemal karna zaroori hai. Market volatility aur price movements ke samay, spike pattern ke saath dusre technical indicators aur price patterns ka bhi analysis karna important hai. REFERENCES 1.https://blog.roboforex.com/blog/2020...ns-meet-spike/ 2. https://lizardtrader.com/spike-bars-...shooting-star/ 3. https://www.fxclearing.com/blog/spike 4. https://www.pinterest.com/pin/805159239608013250/ 5.https://www.investopedia.com/top-spi...s-week-4844416