Double Bottom Chart Pattern
Assalam alaikum dear forum members!
umeed karta hun aap sb khair khairiat se hn gy or apki trading bahut achi jaa rahi ho ge.
dear members agr hum log trading ko seekh kr kren mtlb k market ko analyse kar k karen to hum successful trader bn skty hain or es k lye hamen charts ko smjhna or read karna ho ga or charta pattern ko bhi study karna ho ga. Es lye aj ki post main hum double bottom chart pattern ko study karen gy.
What is Double Bottom Chart Pattern?
Dear members double bottom chart pattern aik bullish reversal chart pattern ha. Esko double bottom es lye kaha jata ha k es main aik hi support py aa kar market 2 lows bnati ha jinko bottom kaha jata ha. Or bullish reversal es lye hai k es k bad market bearish trend se reverse ho k bullish trend main chli jati ha.
How it is Formed?
Dear members bearish trend k end main jb market kafi nechy jaa chuki hoti ha to aik support maqam py ja k market rukti ha or aik low bnati ha.
es k bad market opr jati ha or resistance line se takra kr wapis previous support ki trf ati ha or 2nd low bnati ha. Es trha aik hi support py market 2 low bnati ha jski waja se esko double bottom kaha jata ha.
Neckline:double bottom pattern main jahan support py low bna k wapis market opr ja k js resistance line se takra k nechy ati ha usko neckline kaha jata ha.
confirmation of breakout:
Dear members js time frame main market double bottom pattern bnati ha agr usi time frame main eska breakout kary or es k bhr usi time frame ki candle close kary to esko breakout ki confirmation kaha jata ha or es k bad buy ki trade li jati ha.
Or eski 2nd confirmation ye hoti ha k market wapis se breakout k area ko nechy aa k test karti ha.
How to trade it?
Dear members es pattern k complete hony or es k breakout k bad hum es main buy ki trade lety hain or es main hmara stop loss neckline k braber ya us se nechy hota ha jb k profit target neckline or bottom k darmyan height k equal opr ki trf hota ha.
NOTE: Please use proper risk & money management while trading forex
umeed karta hun aap sb khair khairiat se hn gy or apki trading bahut achi jaa rahi ho ge.
dear members agr hum log trading ko seekh kr kren mtlb k market ko analyse kar k karen to hum successful trader bn skty hain or es k lye hamen charts ko smjhna or read karna ho ga or charta pattern ko bhi study karna ho ga. Es lye aj ki post main hum double bottom chart pattern ko study karen gy.
What is Double Bottom Chart Pattern?
How it is Formed?
Dear members bearish trend k end main jb market kafi nechy jaa chuki hoti ha to aik support maqam py ja k market rukti ha or aik low bnati ha.
es k bad market opr jati ha or resistance line se takra kr wapis previous support ki trf ati ha or 2nd low bnati ha. Es trha aik hi support py market 2 low bnati ha jski waja se esko double bottom kaha jata ha.
Neckline:double bottom pattern main jahan support py low bna k wapis market opr ja k js resistance line se takra k nechy ati ha usko neckline kaha jata ha.
Breakout Of neckline:
Dear members jb market double bottom patterm ki neckline ko cross kr es k bhr nkl jay to esko neckline ka breakout kaha jata ha. Laikin es breakout ki confirmation hoti ha or confirmation k bad trade li jati ha.confirmation of breakout:
Dear members js time frame main market double bottom pattern bnati ha agr usi time frame main eska breakout kary or es k bhr usi time frame ki candle close kary to esko breakout ki confirmation kaha jata ha or es k bad buy ki trade li jati ha.
Or eski 2nd confirmation ye hoti ha k market wapis se breakout k area ko nechy aa k test karti ha.
How to trade it?
Dear members es pattern k complete hony or es k breakout k bad hum es main buy ki trade lety hain or es main hmara stop loss neckline k braber ya us se nechy hota ha jb k profit target neckline or bottom k darmyan height k equal opr ki trf hota ha.
NOTE: Please use proper risk & money management while trading forex