trading strategy for three outside down candlestick pattern

Trading strategy for three outside down candlestick pattern

TRADING STRATEGY FOR THREE OUTSIDE DOWN CANDLESTICK PATTERN

Introduction Three Outside Down candlestick pattern bearish (girawat ki taraf) trend ke waqat market mein paya jata hai. Yeh pattern trend reversal (trend badalne) ka ki peshangoi krta hai, jahan uptrend (badhne wala trend) badal kar downtrend (girawat wala trend) mein badal jata hai. Details Pattern ke liye teen mukhtalif candlesticks ki zaroorat hoti hai. Is pattern mein pahla candlestick ek long green (hari) candle hota hai, jo uptrend ko darshata hai. Dusra candlestick pahle candle ki upar aur niche hote hue banta hai, aur iska color pahle candle ke upper wale hisse ke color se mukhtalif hota hai. Yeh ek doji candle ho sakta hai, jismein open aur close price barabar hote hain ya phir thoda sa farq ho. Teesra aur antim candle pahle candle ko neeche se cross karke chadta hai aur red (lal) color ka hota hai. Trading Strategy Is pattern ki step-wise trading startegy nechy byan karte hain: Step 1 Pahle, aapko existing trend determine karna hoga. Three Outside Down pattern bearish trend ke samay hi effective hota hai, isliye agar uptrend hai toh wait karen jab tak market downtrend mein na badal jaye. Step 2 Jab aap bearish trend mein hain, tab pahle candle ke baad second candle ka formation dekhein. Iska color pahle candle ke upper wale hisse se alag hona chahiye, yani green candle ke upper wala hissa agar red ho, toh yeh ek potential Three Outside Down pattern ho sakta hai. Step 3 Dusra candle ka range pahle candle ke andar hona chahiye, matlab iski high pahle candle ki high se kam aur low pahle candle ki low se zyada honi chahiye. Agar ye criteria match hota hai, toh pattern ki sambhavna badh jati hai. Step 4 Teesra candle ko confirm karne ke liye wait karen. Yeh candle pahle candle ko neeche se cross karke chadhta hai aur red color ka hota hai. Agar ye candle pahle candle ki body ke andar close hoti hai, toh pattern aur bhi strong ho jata hai. Step 5 Jab ye pattern confirm ho jaye, tab aap sell trade enter kar sakte hain. Stop loss order rakhein, jo pahle candle ke high se thoda sa upar place karein. Isse aap apne risk ko manage kar sakte hain, kyunki agar price pahle candle ke high level par phir se cross karta hai, toh aapki trade stop out ho jayegi. Step 6 Profit target set karein, jo aapki risk-reward ratio ke anusaar ho. Aap price ke next support level tak jana chahe sakte hain ya phir ek fixed profit target rakhein. Step 7 Trade open hone ke baad market ko closely monitor karte rahein. Agar price apne expected direction mein chal rahi hai, toh aap apne profit target tak hold kar sakte hain. Lekin agar price reversal dikhe ya trend change ho jaye, toh apni trade ko close kar dein. Word of advise "Three Outside Down" candlestick pattern ko samajhna aur sahi tareeke se trade karna practice aur experience ke saath hi sambhav hai. Isliye, hamesha demo account ya virtual trading platform par practice karen, aur jab aapko confidence ho, tabhi real account mein trading shuru karen.