Assalamu Alaikum Dosto!
Homing Pigeon (Bullish) Candlestick Pattern
Homing pigeon (Bullish) two bearish candles ka ek bullish trend reversal pattern ha. Homing Pigeon low price main ziadda tar banne ki waja se trend reversal k kaam kartta hai. Homing Pigeon aur Bullish Harami candlestick pattern dekhne main aik jaise lagte hen, lekin homing pigeon k dono candles bearish jab k bullish harami pattern ki dosree candle bullish hoti hai.
Candle Formation
Jaisa k uper bataya gaya k bullish homing pigeon aik bullish trend reversal pattern hai, aur low prices area main bhi banta hai to us k leye candles ki darjazel format honi chaheye;
First Candle: 1. Homing pigeon (Bullish) me fist candle aik long real body wali bearish (black or red) candle honi chaheye, jo keh bearish trend k continuation ko batta rahee hotee hai.
Second Candle: 2. Homing pigeon (Bullish) me shammil second candle aik small real body wali bearish candle honi chaheye, jis k open aur close first candle k open aur close k inside ho.
Explaination
Bearish trend main prices ka harkat karne ki waja se homing pigeon ki pehlee candle aik bearish candle hoti hai, jo k pehle se chal rahe bearish trend ki alamat hotee hai. Pehlee bearish candle market main sellers ya bear ki power bhi batatti hai, lekin dosree candle pehlee candle k lower par open hone ki bajaye thora sa oper se open hoti hai, jis se market main buyers ya bull ka pressure ana shoro ho jata hai. Lekin dosree candle ab bhi upward nahi jatee, q k bearish trend ka asar abhi tak market me hota hai, jis se ye candle thori si down a kar close hotee hai, lekin pehlee candle k close position ko cross nahi karti.
Trading
Chart patterns me bohut sare aisay candles pattern maojood hen, jis ki format us k trend k akssar ulat kaam kartee hai, jis tarah se bullish homing pigeon pattern hai. Bullish homing pigeon pattern me pehlee candle aik long real body wali bearish candle aur dosree candle bhi same bearish pattern ki bantti hai, lekin size main small hone ki wajja se ye pattern trend reversal ka kaam karta hai.
Traders k leye yanhan pe buy ki signal hote hen, lekin market main entry karnne se pehle trend confirmation ka hona zarrori hai. Agar dosree bearish candle k baad ek bullish candle bantee hai to ye trend reversal ka aur buy k trade ka signal hogga. Pattern k leye stop loss ki position pehli candle k sab se lowest point, ya jahan pe pehlee candle close howee hoti hai, par lagayen.
