Assalamu Alaikum! Dear seniers and juniers, umeed ha k ap sab kheriat sa hon ga.
Wedge Chart Pattern:
Wedge chart pattern ak consolidation pattern ha, jis man price ki movement man continuosly decrease hoti ha aur pattern k complete hona per price is pattern ko break kerti ha. Is pattern man 20 to 50 candles banti han.
How to draw Wedge Chart Pattern?
Wedge Chart Pattern ko draw kerna k liye trader ko chaheye k price k swing high aur swing high ko trendlines sa jora jae to dono trend line ka slope positive/negative honi chaheye. Dono trend lines ak dosri ko cross kerni chaheye. Is pattern man upper trend line resistance level aur lower trend line support level consider ki jati ha. Pattern k complete hona per price support level/resistance level ko break kerti ha. Break kerna per price bhot tazi sa move kerti ha.
Types of Wedge Chart Pattern:
i. Falling Wedge Chart Pattern.
ii. Rising Wedge Chart Pattern.
Falling Wedge Chart Pattern:
Falling Wedge Chart Pattern hamasha long down trend k bottom per banta ha, is pattern man dono trend lines negatively sloped hoti han. Is pattern k complete hona per price resistance level ko break kerti ha.
Trading with Falling Wedge Chart Pattern:
Falling Wedge Chart Pattern per trading k liye zarori ha k is pattern k break ka wait kerna chaheye. Jab price resistance level per ja ker candle ka close resistance level sa oper dena chaheye, is sa breakout ki confirmation ho jati ha. Jab price resistance level ko re-test ki confirmation de to is per trader ko ""buy ki trade"" active kerni chaheye.
Stoploss and Take Profit:
Falling Wedge Chart Pattern per trading k doran trader ko stoploss ko price k last swing low k nicha place kerna chaheye aur Take Profit ko is pattern ki first swing k distance k baraber oper place karen.
....
Wedge Chart Pattern:
Wedge chart pattern ak consolidation pattern ha, jis man price ki movement man continuosly decrease hoti ha aur pattern k complete hona per price is pattern ko break kerti ha. Is pattern man 20 to 50 candles banti han.
How to draw Wedge Chart Pattern?
Wedge Chart Pattern ko draw kerna k liye trader ko chaheye k price k swing high aur swing high ko trendlines sa jora jae to dono trend line ka slope positive/negative honi chaheye. Dono trend lines ak dosri ko cross kerni chaheye. Is pattern man upper trend line resistance level aur lower trend line support level consider ki jati ha. Pattern k complete hona per price support level/resistance level ko break kerti ha. Break kerna per price bhot tazi sa move kerti ha.
Types of Wedge Chart Pattern:
i. Falling Wedge Chart Pattern.
ii. Rising Wedge Chart Pattern.
Falling Wedge Chart Pattern:
Falling Wedge Chart Pattern hamasha long down trend k bottom per banta ha, is pattern man dono trend lines negatively sloped hoti han. Is pattern k complete hona per price resistance level ko break kerti ha.
Trading with Falling Wedge Chart Pattern:
Falling Wedge Chart Pattern per trading k liye zarori ha k is pattern k break ka wait kerna chaheye. Jab price resistance level per ja ker candle ka close resistance level sa oper dena chaheye, is sa breakout ki confirmation ho jati ha. Jab price resistance level ko re-test ki confirmation de to is per trader ko ""buy ki trade"" active kerni chaheye.
Stoploss and Take Profit:
Falling Wedge Chart Pattern per trading k doran trader ko stoploss ko price k last swing low k nicha place kerna chaheye aur Take Profit ko is pattern ki first swing k distance k baraber oper place karen.
....
