trade winning strategy using elliott wave candlestick pattern

Trade winning strategy using elliott wave candlestick pattern

TRADING STRATEGY FOR ELLIOTT WAVE CANDLESTICK PATTERN

Introduction Elliott Wave Theory aik technical analysis tool hai jo financial markets mein price movement predict karne ke liye istemal hota hai. Yeh theory un movements ko samjhne aur forecast karne mein madad karta hai jo kisi bhi asset ki price mein hotay hain. Candlestick patterns aur Elliott Wave Theory ko combine karke, traders ek powerful trading strategy develop kar sakte hain. Trading Strategy Is strategy ko samajhne ke liye, neechay diye gaye tareeqay ka plan karen: Chart Analysis: Sab se pehle, asset ka price chart dekhein aur candlestick patterns pe focus karen. Candlestick patterns price movement ko visually represent karte hain. In patterns ko samajhna mahatvapurna hai kyun ke yeh aap ko market trends aur reversals ke bare mein maloomati sign dete hain. Elliott Wave Theory Ki Tashreeh: Elliott Wave Theory mein, market mein price ka movement waves ke roop mein hota hai. Yeh waves bullish aur bearish phases ko represent karte hain. Har wave 5 impulsive aur 3 corrective sub-waves se bana hota hai. Impulsive waves trend ke saath chalte hain jabki corrective waves us trend ko reverse karte hain. Uptrend Aur Downtrend Ka Pata Lagayen: Chart analysis aur Elliott Wave Theory ka istemal karke, uptrend aur downtrend ko identify karen. Uptrend mein price higher peaks aur higher valleys banata hai. Downtrend mein price lower peaks aur lower valleys banata hai. Impulsive Waves Ka Pata Lagayen: Uptrend ya downtrend mein, impulsive waves ko pehchanne ke liye 5-candle pattern tashreeh karein. Uptrend mein, har impulsive wave mein price 3 bullish aur 2 bearish candles banati hai. Downtrend mein, yeh pattern ulta hota hai, jahan har impulsive wave mein price 3 bearish aur 2 bullish candles banati hai. Corrective Waves Ka Pata Lagayen: Impulsive waves ke baad, corrective waves atay hain. Corrective waves mein price 3-candle pattern banata hai, jin mein price 2 bullish aur 1 bearish candle hoti hai (uptrend) ya 2 bearish aur 1 bullish candle hoti hai (downtrend). Fibonacci Retracement Ka Istemal Karen: Fibonacci retracement levels ka istemal karke, price movement ko measure karen aur possible reversal points ko identify karen. Fibonacci retracement levels 38.2%, 50%, aur 61.8% hote hain. Entry Aur Exit Points Tay Karen: Impulsive aur corrective waves ke combinations ko analyze karke, entry aur exit points tay karen. Entry point pe trade enter karna hota hai jab trend confirm hota hai. Exit point pe trade ko close karna hota hai jab trend change hone ka indication milta hai. Stop-Loss Aur Target Set Karen: Her trade ke liye stop-loss aur target set karen. Stop-loss loss ko minimize karne mein madad karta hai jab trade opposite direction mein chala jaye. Target, desired profit level ko indicate karta hai, jahan pe trade ko close karna hai. Practice Aur Risk Management: Har trading strategy ko practice karna mahatvapurna hai. Demo account ya paper trading se start karke apni strategy ko test karen. Risk management ka khayal rakhna bhi zaroori hai. Har trade ke liye risk ko limit mein rakhna chahiye taki bade nuksaan se bacha ja sake. Trading Journal Maintain Karen: Apne trades ka record maintain karen, taki aap apni performance ko analyze kar saken aur mistakes se seekh saken. Trading journal ko regularly update karen. Word of Advise Candlestick patterns aur Elliott Wave Theory ko combine karke, traders ek systematic aur disciplined approach develop kar sakte hain. Yeh strategy market trends aur reversals ko samajhne aur predict karne mein madad karta hai, lekin hamesha dhyan rakhein ke financial markets unpredictable hote hain aur risk ka samay par khayal rakhna zaroori hai.

Turning Top Candle Kya Hai? Turning Top Candle ek specialized investigation outline hai jisay candle diagram mein istemal kya jata hai. Yeh ek chota sa light hota hai jis mein market ki opening aur shutting cost ke darmiyan koi zyada farq nahi hota. Iski body kisi bhi taraf expand nahi hoti hai aur iski upper aur lower shadow bhi barabar hoti hai. Turning Top Candle ka matlab hota hai ke market ke purchasers aur dealers mein koi bhi clear predominance nahi hai aur isliye yeh ek hesitant sign hai. Agar iske baad market mein koi solid cost activity hota hai to iska matlab hai ke market ki heading change sharpen wali hai. Turning top candle design aik aisi cheez hai jis mein aik chota sa asli jism lambay upper or lower shadows ke darmiyan hota hai. Yeh candle design resource ki future heading ke baare mein vulnerability ko address karta hai. Yeh is baat ka matlab hai ke na kharidnay walay na bechnay walay advantage hasil kar saktay hain. Candle design tab banta hai hit kharidnay walay aik diye gaye time span mein cost ko up kar detay hain or bechnay walay bhi usi time span mein cost ko down kar detay hain, lekin aakhir mein shutting cost open ke bohat qareeb hota hai. Aik taqatwar cost advance ya decline ke baad, turning tops aglay flame ke affirm honay ke baad potential cost inversion ki taraf ishara kartay hain. Turning top ke close open se ooper ya neechay ho sakta hai, lekin dono costs hamesha qareeb hotay hain. What Does a Turning Top Tell You? Turning tops resource mein tawaqo ke baghair sharpen rib faislay ki alamat hotay hain; lambay upper aur lower shadows is baat ki dalil hain ke open aur close ke darmiyan qeemat mein koi wazeh tabdeeli nahi hui. Bull cost ko tezi se barha rahay thay aur bear cost ko tezi se neechay kheench rahay thay, lekin aakhir mein cost wohi band hua jahan se shuru hua tha. Ye tawaqo ki alamat zyada tar sideways development ko signal karti hain, khas pinnacle standard agar turning top laid out range ke andar ho. Ye aik conceivable cost inversion bhi signal kar sakti hai agar cost advance ya decline ke baad ho. Kabhi turning tops kisi critical pattern change ko signal karte hain. Upswing ke top standard sharpen wala turning top is baat ki nishani ho sakta hai ke bulls apnay control ko kho rahay hain aur pattern switch ho sakta hai. Isi tarah, downtrend ke base standard sharpen wala turning top is baat ki nishani ho sakti hai ke bears apnay control ko kho rahay hain aur bulls reins ko haath mein le saktay hain. Har surat mein, affirmation turning top ke signals ko samajhnay mein help karta hai. Affirmation aglay flame se milti hai. Agar broker ko lagta hai ke upturn ke baad turning top drawback inversion ko signal kar raha hai, toh uske baad wala candle costs ko girnay ki taraf dekhna chahiye. Agar ye nahi hota, toh inversion affirm nahi hoti aur broker ko doosra exchange signal talash karna hoga. Agar turning top laid out range ke andar ho, toh ye is baat ki dalil hai ke tawaqo stomach muscle bhi common hai aur range jari rahegi. Iske baad wala candle affirm karna chahiye, yani ke laid out sideways channel ke andar greetings rehna chahiye. Illustration of a Turning Top Candle Diagram ki misaal kuch turn tops ko dikhata hai. Pehla turn top, baye taraf, ek chote se cost decline ke baad hota hai. Iske baad, ek down light aata hai, jo ki further cost slide ko show karta hai. Cost thoda aur neeche jaata hai lekin phir se potential gain ki taraf turn around ho jaata hai. Candles standard exchanges lene ke liye, ye feature karta hai ki ek plan aur risk the board hona kitna significant hai. Doosra turning top reach ke andar hota hai. Yeh market ki current uncertainty ko affirm karta hai, jabki cost sideways move karta hai. Teesra turning top, uske aaspaas ke candles ke examination mein kaafi bada hota hai. Yeh ek advance ke baad hota hai aur ek enormous down flame ke baad hota hai. Isse ek inversion flame banta hai, kyunki cost neeche jaane lagti hai. Cost ne drop kar raha tha, tab ek aur turning top banata hai. Yeh ek chota sa stop hota hai, kyunki agla flame neeche hole karta hai aur phir keep falling hota hai. Ye misaalein affirmation aur setting ki kitni significance ko feature karta hai. Range ke andar grain turning tops commonly range aur market ki hesitation ko affirm karne mein help karte hain. Patterns ke andar ridge turning tops inversion signals ho sakte hain, lekin follow karne wala light affirm karna zaroori hai. Turning tops aur dojis dono tawazun ki haalat ko zahir kartay hain. Dojis chotay hotay hain jin mein chotay sa asli jism aur chotay say upper aur lower shadows hotay hain. Jabkay turning top kay upper aur lower shadows lambay hotay hain. Dono designs baar nazar atay hain aur kabhi taqatwar qeemat kay baad palatnay kay qareeb honay ka ishara detay hain. Dono tarah kay candles tasdeeq standard zyada depend kartay hain. Turning top ya doji kay baad koi taqatwar harkat naye qeemat kay rukh kay baray mein zyada batati hai.