What is diamond top chart pattern in forex trading

What is diamond top chart pattern in forex trading

"DIAMOND TOP" CHART PATTERN IN FOREX "Diamond Top" ek chart pattern hai jo forex trading mein istemal hota hai. Is pattern ko samajhne ke liye neeche diye gaye mukhtasar tafseelat ka istemal kar sakte hain:**INTRODUCTION:**Diamond Top ek continuation pattern hai, jo ek uptrend (upward trend) ke baad aata hai aur aam taur par ek bearish reversal ki nishani hai. Is pattern mein, price range gradually kam hone lagta hai jisse ek diamond ki tarah dikhai dene lagta hai.**TECHNICAL BRIEF AND SECTION:**1. **Uptrend:** Pehle se hi market mein ek strong uptrend hona chahiye. Yani price barhte huye jaa raha ho.2. **Higher Highs and Higher Lows:** Uptrend mein price higher highs aur higher lows banata hai, yani har naye high pehle se banaye gaye highs se ooncha hota hai aur har naye low pehle se banaye gaye lows se ooncha hota hai.3. **Consolidation:** Agle kuch candles mein price range mein kam hone lagta hai aur price higher highs aur lower lows na banakar ek range mein bandh jata hai.4. **Diamond Shape:** Price range aise shakl mein aata hai jisse diamond ya rhombus ki tarah lagta hai. Isme ek point pe higher high aur lower low milte hain.5. **Breakout:** Diamond shape banane ke baad price usually pattern ke neeche yaani lower trendline ke neeche jaata hai, jo bearish trend ki starting ho sakti hai.**TECHNICAL STRATEGIES:**Agar aap diamond top pattern pe tawajjah dena chahte hain, to is baat ka khaas khayal rakhein ke price range ki gradual compression ho rahi hai aur uske baad bearish breakout hone ki tawakul ho. Jab aap diamond top pattern ka istemal karte hain, to price breakout confirm hone ke baad hi trade karna zaroori hai.Iske liye aap price breakout ke nichle level ke neeche sell stop order lagana ka istemal kar sakte hain. Yad rahe ke forex trading mein har pattern ka istemal khud ke research aur risk tolerance ke saath karna chahiye. Is pattern ko samajhne ke liye practice aur experience zaroori hai. Iske liye aap price breakout ke nichle level ke neeche sell stop order lagana ka istemal kar sakte hain. Yad rahe ke forex trading mein har pattern ka istemal khud ke research aur risk tolerance ke saath karna chahiye. Is pattern ko samajhne ke liye practice aur experience zaroori hai.