Dear friends, Dragon Pattern aik complex chart pattern hai jo price action ko depict karta hai aur market mein potential reversals ko correct karta hai. Iska naam is pattern ke formation ko dekh kar diya gaya hai, jis mein dragon ki tarah ek lamba aur complex structure hota hai. Ye pattern bullish reversal ko represent karta hai.
Formation of Dragon Pattern:
Ye pattern price action aur price reversal ko represent karta hai, Dragon Pattern banne ke liye market mein pehle se downtrend hona zaroori hai. Iske baad market mein price ka complex structure banta hai jo ek dragon ki tarah lagta hai.
Main components of Dragon Pattern:
Is pattern mein three main components hote hain,
Dragon Pattern ka formation pehle se downtrend ke baad hota hai, is pattern ka structure complex hota hai jismein head, neckline, aur tail shamil hote hain, tail ka formation neckline ke neeche hota hai, jo bullish reversal ko darust karta hai.
Precautions in Dragon Pattern:
Formation of Dragon Pattern:
Ye pattern price action aur price reversal ko represent karta hai, Dragon Pattern banne ke liye market mein pehle se downtrend hona zaroori hai. Iske baad market mein price ka complex structure banta hai jo ek dragon ki tarah lagta hai.
Main components of Dragon Pattern:
Is pattern mein three main components hote hain,
- Head: Dragon Pattern ka head market mein ek strong downtrend ke baad hota hai.
- Neckline: Neckline horizontal line hoti hai jo head ke baad banti hai aur price ka ek complex structure banata hai.
- Tail: Tail bullish reversal ko represent karta hai. Tail ka formation neckline ke neeche hota hai aur isse uptrend shuru hota hai
- Bullish Reversal ki information: Dragon Pattern ka istemal karke traders ko bullish reversal ko pehchanne mein madad milti hai. Is pattern ke formation ke baad, uptrend shuru hone ke chances hote hain.
- identification of complex structure: Is pattern ka complex structure traders ko market ke dynamics ko samajhne mein madad karta hai. Head, neckline, aur tail ke components ko dekh kar, traders trend reversal ko anticipate kar sakte hain
Dragon Pattern ka formation pehle se downtrend ke baad hota hai, is pattern ka structure complex hota hai jismein head, neckline, aur tail shamil hote hain, tail ka formation neckline ke neeche hota hai, jo bullish reversal ko darust karta hai.
Precautions in Dragon Pattern:
- Confirmation Ke Liye: Dragon Pattern ko confirm karne ke liye kuch dusray technical indicators ka istemal karna zaruri hay, sirf is pattern ko dekh kar hi trading decisions na len, balkay confirmatory factors ko bhi mind main rakhain,
- False Signals Ka Ijtanab: Kai baar market conditions ke mutabiq Dragon Pattern false signals bhi de sakta hai, is liay doosre confirmatory signals ka intikhab karna zaroori hai.