Double Bottom 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 patter kia hai??

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 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 !

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.

Re: Double Bottom Pattern ??

EXPLANATION:-

Double bottom pattern ki to ais mai jab hum kaam karty hai to hum ko ais mai chart pattern dekh k hum ais market mai trade karty hai to hum ko ais market mai trade karni ho to hum ko ais mai ye dekhna hai k market ne agar aik low point lagya hai aor aus k baad hi hum ko ais market mai dekhna hai k agar market yehi same low point lagati hai to hum ko ais mai ye pattern confirm ho jata hai aus k baad market aik new high point lagati hai ais market mai jab ap chart pattern par dekhy to ap ko ais market mai ain pattern par trade karni chaye kun k ain mai stop loss bahot kam hota hai. Double bottom chart pattern kia hai. asal ma candlestick chart ma jo pattern bantay hai un ko ab indicator k tor pe use kia jata hai.candlestick pattern ma different chart pattern bantay hain jin ma aik Double bottom chart pattern hai.



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Double Bottom Pattern;

Double bottom chart pattern kia hai? jaisa k name se hi pata chalta hai k jab market aik low lagati hai aur os low level se wapas buy ki taraf move kari hai. lakin kuch pips k baad phr market osi bottom ki taraf low lagati ha aur same bottom pe ja kar stop karti hai.Double bottom sy murad hai ky jab aik dafa market aik point sy reverse ho ker up trend main chali jati hai tou phir market aik aur dafa down ja ker same point sy retracement leti hai tou Double support ban jati hai tou usko Double bottom bhi kehty hai ky jab market Double bottom sy retrace leti i tou phir kafi zyada movement bhi kerti hai up trend main tou jab bhi hamain technical analysis kerty huey Double bottom pattern nazar aay aur market upward movement start ker chuki ho tou hamain aesy time per buy ki trade laga leni chahiay ky hamesha Double bottom ky bahd jab market up trend main move kerti hai tou woh bahot zyada up jati hai tou aesy time main agar trade open ho tou bahot achi earning ho sakti hai.Double bottom chart candlestick chart pattern mein ek trading pattern jis mien market downtrend mein aakar apni major support se a reversal leti hai hi uske bad again downtrend mein aati hai hi again same support se bounce back ho jaati hai.Double bottom pattern candlestick chart pattern mai trading ke liye hamare pass bahut sari prediction hoti hai candlestick chart pattern understand karne ke liye hamare pass Pakistan Forex form mein kafi sara mivad maujud hai.