double bottom chart pattern

Hello traders hope you all are doing good.
jesa k ap janty hain hm k hum ny pichli posts main chart patterns ki series start ki thinor us main aj agy barhty hovy hum 1 chart pattern discuss karny ja rhy hain.
agr abhi tk ap ny meri baki posts ni dekhi to ap delh skty hain meri profile main jis mn hm ny forex basics se start kia tha.

Double Bottom Chart pattern.
Dear members double bottom chart oattern 1 technical pattern ha jo trend or momentum k reversal ko describe karta ha.Es main market 1 W shape bnati ha.
phly market opr jaty hovy nechy girtinha or 1 support se tkra k phr oper jati ha or phly waly high se nechy hi reverse ho k support ko dobara retest karti ha or usi support se opr ki trf nklti ha or phly waly dono high break kr deti ha.
Double bottom short term main downward trend show karta ha laikin ye infact upward trend ki indicatioj hota ha.
1st bottom jb bnt ha to ususally 20,30% retracement py bnta ha jb k 2nd bottom 1st bottom k 3,4% py bn skta ha.



How to trade double bottom?
Double bottom py trade leny k lye apko neckline k break out ka wait karna chahye.
Jo 1st high hota ha market ka jahan se nechy aa k wo 1st bottom bnati ha us 1st high k sth jb dosra us k equal high bnta ha to usko neckline kaha jata ha.
jb market neckline yeni previous high ko break kary to apko break out ki confirmation oy trade leni ha or apka stop loss neckline ya us se thora nechy ho ga or apka target (W) ki height k equal ho ga.



Confirmation of breakout.
Kisi bhi chart pattern including double bottom chart oattern main trade leny k lye breakout ka wait karen or breakout ki 2 confirmations hoti hain.
1) breakout ki phli confirmation ye hoti ha k market km se km hourly candle apni resistance se opr close kry
2) dosri breakout ki confirmation ye hoti ha k market opr closing deny or thora sa opr jany k bad 1 bar apni resistance ko retest kary.
or apko esi retest py hi trade leni chahye.

Re: Double Bottom Chart Pattern

The head and shoulders pattern in the standard form is a bearish reversal pattern. The bullish sibling is called an inverted head and shoulders pattern.Head and Shoulder, Double Top and Double Bottom Chart Patterns StrategyFor trading the pattern in the Forex market the implications, rules, and strategies work exactly the same for both the bullish and the bearish versions of the pattern, so everything can be used interchangeably only, of course in the opposite direction.The head and shoulders pattern is formed by three consecutive highs with the middle one being the highest of the 3, hence the resemblance of a head. The highs on each side of the head resemble two shoulders.

Re: Double Bottom Chart Pattern

Assalamu Alaikum!
Dear forex seniers and juniers traders, umeed ha k ap sab kheriat sa hon ga aur forex market sa ak acha gain le raha hon ga dear traders forex market ak complex currency market ha is man koi trader 100% thek nahe ho sakta is liye trade k doran market ki inverse movement ko mind man rukhta howa proper Money and Risk Management ko follow kerta hoa Stoploss aur Take Profit ka istemal zaror karen

Importance of Chart Patterns:
Forex Trading man traders currency pairs aur commodities ki price movements ko smajhna k liye price chart read kerta han Price Chart price k trend, momentum aur patterns man changes ko accurately identify kerta ha Chart Patterns price chart man price ki movement ko track kerna k liye use hona wala most important technical tool ha Traders Currency Pairs aur Commodities ko Buy/Sell k liye in chart pattern pr depend kerta han

Double Bottom Chart Pattern:
Double Bottom Chart Pattern ak trend reversal pattern ha Ye pattern long bearish trend k bottom per support level per banta ha Ye pattern batata ha k sellers price ko nicha la ker jata han lakin power kam hona ki waja sa price ko hold nahe ker pata Sellers is pattern man two time price ko same level tak nicha le ker jata han lakin second bottom k bad jab price hoti ha to pher ak long bullish trend k start hona ki 50% confirmation ho jati ha Final confirmation k liye trader dono bottom k starting point ko ak trend line sa jorta ha. Is trend line ko " Neckline"" kehta han, jab price is neckline ko break kerti ha to trader ko long bullish trend ki 100 % confirmation ho jati ha


Trading with '"Double Chart Pattern"':
Double Bottom Chart Pattern per trading kerna k liye zarori ha k trader breakout ka wait kara, aur jab price candle ka close ""Neckline"" sa oper de to is sa breakout ki confirmation ho jati ha Lakin trader ko trade k liye price k neckline ko re-test kerna ka wait kerna chaheye Jab price retest kerti ha to is per trader ko ""Buy ki Trade"" active kerni chaheye Stoploss ko last bottom sa nicha place karen aur Take Profit ko neckline aur bottom k dermiyan distance k baraber oper place karen


Trade ki mazeed confimation k liye trader is pattern k sath ""Moving Average ya Oscilator"" ko use ker sakta ha Ager trader Relative Strength Index (RSI) use ker raha han to trade ki confirmation k liye zarori ha k is pattern ki formation k doran RSI bullish Divergence de rahe ho

Re: Double Bottom Chart Pattern

Trading mein jistarah kafi method ya patterns ka use hota hai samelike double bottom ka bhi use hota hai double bottom price pattern ki bhi bahut zyada important isko hasil hai chart k analysis karte huway jabhi bhi hum double bottom ko talash karte hain ye hume mil jata hai ham candlesticks pattern ki surat mein market ki movement ko thek se dekhte hain jab proper se dekh rahe hote hain analysis karte hain ye jahan bhi mil jay ispe trade ki jati hai woh bahut achi entry hoti hai.

Double bottom introduction:

Double bottom hume trading chart mein downside aur aksar hume chart k mid mei mil jata hai basically reversal sign pattern hota hai is kisam ka pattern trade sell mei long bearish trend k bottom ki side per support level per banta hai support pe zyada valid hota hai aur wahan pe jab hum watch karen pattern batata ha k sellers price ko downside pe la ker jate hain wahan pe lakin itni zyada power kam hona ki waja sa price ko hold nahe keya jata ya kar pata market reverse hone ki try karti hai sellers is pattern mein two time price ko aik hi jaga same level tak nichay ki taraf le ker jata hain lakin wahan hum dekhte hain k lakin second bottom k bad jab price hoti hai aur woh wahan to phir ak long buy bullish trend k start hona ki fifty percent pe surety ho jati hai then wahan candle evidence pe trade li jati hai.

Trading by double bottom:

Mera experience hai ye zabardast pattern hai trading k liye ja bhi ye hume support area pe isko lazman dekhte hain wahan zyada value hai jab tak double bottom ki theek se mukamal surety nahi ho jaye is per apni trade trader ko kabbi bhi nahi preference nahi deni chahyie aur confirmation honey pe jab jo wahan double bottom apnay neckline ko thek se break krta hai trader isko prefer karta hai zyada tar yani k first resistance ka breakout pe trader ko aik best ik confirmation sign hai iska wait kiya jata hai wahan perfect trader hoti hai entry li jati hai.

Reliability of Double bottom:

Double bottom ko koi trader skip nahi karte ispe believe bhi strong hota hai ye pattern ko bahaut hi zyada accuracy dete hain aur hamesha hi is pattern pe trades karna bahut hi zyada prefer karte hain profit hasil karne k liye ye bahtreen hai success jata hai jo trader pattern mei interested nahi leta wo ghalat kare ga aur woh trader ye sochta hai k ye fazool hai to wo kbi acha profit hasil karne ka kamyab nai ho sakta mistake kare ga kyun k is pattern ko behad value hasil hai lehaz hume analysis krte huway ispe nazar rakhni chahiye.