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.
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.