What is Double Bottom Candlestick?

Introduction.
Dear forex members jesa k hamain maloom hai k forex trading karny k liye hamain market ko different angle sy daikhna zarori hota hai agar aap market main acha profit hasil akrna chaty hain tu apko market ko haar alaag tareeky sy daikhna hoga . Market pattern ko samjny k liye hamain techncile analyses akrna zarori hota hai. Trading akrny k lye saab sy zada hamain Candlestick pattern ko samhna zarori hota hai agar aap profitable trade akrna cahty hain tu hamain candle stick pattern paar bhut zada study karni hogi. Aj main ap k sath ek candle stick pattern ko discuss karonga jo k bhut he important pattern hai.

Identification of Double Bottom Candlestick.

Forex trading karty waqaat haam market main differnet style ki candle stick daikhty hain Market jaab same 2 point paar different time main touch karty huye ek ''W'' jesa sign banati hai tu is ko haam double bottom candle stick pattern kehty hain. Is point main market ek ek point apar touch karti haii

How we can take trade on Appearance of double bottom Candle stick

Forex main doucble bottom candle stick main trade krna bhut he asaan hai kaam hai jesaagar haam is point ko recognise akrty hain tu is main acha profit kaamy k cahnces ho jata hai. Jaab bhi market is situation amina ati hai tu market basically apni support ko respect deti hai aur yahan sy haam ek perfect BUY ki entry banti hai.

EXPLANATION ON CHART.




Jesa k ap is chart main daaikh saakty haain keh kesy market ne pehly ek point par touch kiya hai jo k left side par ha next market nay kuch movement up side ki hai aur phr sy market nay usi point par right side main jesa k nazar araha hai touch kiya jesy he market nay is ppoint ko touch kiya hai amrket main double bottom baan gaya hai jis paar saaf saaf anzar araha hai k haam buy ki entry ly sakty hain aur aacha munafa bhi mil saktaa haai is par buy leny sy. Tu is baat ko mad -e -azar raakhty huwe yeah bat samjh i hai k double bottom hamaeshaa apni support ko respect deta hai aur ek strong BUY entry milti hai. Agar haam is cheez ko achy sy samjh lain tu market main kafi acha profit hasil kiya ja sakta haia ur apni inestment means capital ko double kar sakty hain.

Forex trading mein, candlestick patterns ek ahem hissa hain jo traders ko market ki movement samajhne mein madad dete hain. Ek aise pattern ka zikar karte hain jo Double Bottom kehlata hai. Double Bottom pattern market analysis mein istemal hota hai aur yeh ek reversal pattern hai, yaani ke jab market ka trend change hone ka chance hota hai. Double Bottom pattern ek specific candlestick formation hoti hai jo typically downtrend ke baad dekhi jati hai. Is pattern mein market pehle neeche jaata hai, phir do baar upar jata hai, aur phir dobara neeche jaata hai. Yani ke market mein do bar support level par pohnch kar phir se upar ki taraf jane ka prateek dekha jata hai. Double Bottom pattern ki pehchan karne ke liye, aapko market ki candlestick charts par dhyaan dena hoga. Yeh pattern aksar kuch steps ke mutabiq pehchana ja sakta hai:

• Downtrend Observation: Pehle toh aapko dekhna hoga ke market mein pehle kuch dino tak ek downtrend tha, yaani ke prices neeche ja rahe the.

• Bottom 1 Formation: Phir, market ne ek neeche ki taraf move kiya aur ek bottom form kiya. Yeh bottom support level se neeche gaya. Is phase mein aapko bearish candlesticks ya doji patterns dekhne ko mil sakte hain.

• Recovery: Ab market phir se upar ki taraf move karta hai, lekin pehle bottom ke level tak nahi pohunchta. Yani ke prices neeche wale support level se upar jate hain.

• Bottom 2 Formation: Market phir se neeche aata hai, lekin is baar pehle bottom ke qareeb rukta hai ya usse neeche nahi jaata. Is stage mein dobara se support level par se upar jane ki koshish dekhi jati hai. Is baar, aapko bullish candlesticks ya doji patterns dekhne ko mil sakte hain.

• Confirmation: Jab market dobara se upar jata hai aur pehle bottom level ko cross karta hai, toh yeh double bottom pattern confirm ho jata hai.

Double Bottom pattern ki tashkhees karne ke baad, traders iska faida utha sakte hain. Jab market double bottom pattern confirm karta hai, yani ke pehle bottom level ko cross karta hai, toh yeh ek bullish reversal signal samjha jata hai. Iska matlab hai ke market ka trend ab change hone ka imkaan hai aur prices mein upar ki taraf movement ki ummeed hoti hai. Is pattern ko trade karte waqt, traders buy trade yaani long position enter kar sakte hain. Stop loss ko pehle bottom level ke neeche lagaya ja sakta hai taaki nuksan se bacha ja sake. Target price ko tay karte waqt, traders usually pehle top level tak ya uske qareeb rakhte hain. Double Bottom Pattern Ke Limitations

• Double Bottom pattern ko samajhne aur trade karne se pehle, kuch limitations ko bhi yaad rakhna zaroori hai:

• False Signals: Kabhi kabhi yeh ho sakta hai ke double bottom pattern false signals de. Yani ke pattern confirm hote waqt bhi market neeche jaye aur traders ko nuksan ho.

• Market Context: Pattern ko samajhne ke liye market ke overall context ko bhi dekhna zaroori hai. Agar market mein koi ahem event hone wala hai ya koi khaas news release hone wali hai, toh pattern ki validity par asar ho sakta hai.

• Risk Management: Jaise har trading strategy mein, risk management double bottom pattern trade mein bhi zaroori hai. Stop loss aur target price tay karte waqt, risk aur reward ko balance mein rakhna chahiye.

"DOUBLE BOTTOM" PATTERN IN FOREX "Double Bottom" ek prakar ka technical analysis pattern hai jo forex trading mein istemal hota hai. Is pattern mein kisi currency pair ki price chart par do baar neeche jaane ke baad dubara se upar uthne ki sthiti hoti hai. **1. Double Bottom Pattern ki Pehchaan:** Ye pattern tab hota hai jab ek currency pair ki price chart par do baar neeche jaane ke baad uski price dubara se upar uthne lagti hai. Is se aam taur par "W" shape banta hai, jise "Double Bottom" kehte hain. **2. Double Bottom Pattern ki Tashkhees:** Tashkhees karne ke liye aapko pehle do neeche kiye gaye bottoms ko pehchaanna hoga. Ye bottoms similar ya samantar hone chahiye. Dusra bottom pehle bottom se thoda sa upar hona chahiye. Price chart par is pattern ki tashkhees karne ke baad aapko trade entry aur exit ki tayyari karni chahiye. **3. Entry Point aur Stop Loss:** Jab aap tashkhees kar lete hain ki ek double bottom pattern ban raha hai, to aap entry point tayyar kar sakte hain jab price dusri baar upar uthne lagti hai. Aap stop loss ko neeche wale bottom ke neeche rakhte hain taki aapko zyada nuksan na ho. **4. Target aur Exit Point:** Aap target tayyar kar sakte hain jab aapko lagta hai ki price abhi aur upar jayega. Aap isko pehle neeche kiye gaye tops tak project kar sakte hain. Jab price target tak pohochta hai, to aap apna trade exit kar sakte hain. **5. Dhyan Rakhe:** Is pattern ka istemal karne se pehle mukammal research aur analysis zaroori hai. Market ke trend, momentum aur other indicators ko bhi samjhein. Is pattern ki tashkhees galat ho sakti hai, isliye hamesha stop loss ka istemal karein. **6. Practice Karein:** Double bottom pattern ko pehchaanne mein practice zaroori hai. Demo account par ise try karke aapko experience milega aur aap is pattern ko sahi tarike se samajh sakte hain. Yad rahe ke forex trading mein kisi bhi pattern ya strategy ka istemal karne se pehle apne risk tolerance aur financial situation ka dhyan rakhein.