Wedge chart pattern discussion
Assalam alaikum dear forex members umeed ha ap sb thk hn gy or forex se acha profit earn kar rhy hun gy.Dear members jesa k apko yad ho ga hm ny chart patterns ki series start ki thi jis main hum triangle,head&shoulder,double top and double bottom pattern pchli posts main discuss kr chuky hain.
agr ap ny meri pchli posts nhi parhi to phly go through kr len taa k apko smjh aa jy chart patterns hoty kia hain.
or phr aj hum discuss karen gy Wedge chart pattern or eski types or es ko trade karny ka treka.
What is Wedge pattern?
Dear memners wedge pattern 1 technical analysis ka part ha or es main 2 coverging trend lines bnti hain market k highs or lows ko mila k.
market k highs ya to falling hoty hain ya rising or esy hi lows bhi falling or rising ho skty hain jiski wja se wedge ki 2 types hoti ha.Wedge chart pattern 1 strong reversal pattern hota ha jo k technical analysis main use kia jata ha.
Ye pattern done main se 1 ka signal ho skta ha ye to bullish ya bearish laikin dono conditions main es k 3 feature hoty hain.
1)Converging trend lines
2)declining volume
3)breakout of the wedge
Declining volume ka mtlb hota ha jesy hesy market wedge main agy brhti ha to wedge ka area short hota jata ha jiski wja se trading volume bht km hota ha or market bht km move karti ha.
Breakout ka mtlb hota ha market wedge ko tor k es se bhr nkl jati ha kisi bhi side py ho skta ha nechy ya oper.
Rising Wedge.
Dear members wedge generally market k trend k opposite bnta ha mtlb k agr market downtrend main ha to us main rising wedge ho ga or aksr break out wedge ki direction se opposite hota ha mtlb k agr rising wedge ha to breakout lower line se ho ga r market sell main jygi.
Rising wedge tb bnta ha jb market higher highs ya or higher lows bnati ha or 2 convergin lines bnti hn in highs or lows ko mila k.
or market ka volume down hota jata ha jesy jesy market move kari ha wedge main.
Falling Wedge.
dear members falling wedge tb banta ha jb market lower highs or lower lows estrha se bnati ha k lows or highs ko mila k 2 converging line banti hain.
jesy jes market wedge main move karti ha trading volume km hota jata ha or wedge ka area bhi.
falling wedge ka breakout generally upper trend line se hota ha laikin phr bhi apko market ko dehan se dkhna chahye q k baz oqat wedge ka breakout kisis bhi direction main ho skta ha.
how to trade wedge?
Wedge ko trade karny k lye apko es k breakout ka wait karna hota ha jb ap dekhen breakout ho gia ha to uski confirmation ka wait ka wat karen breakout ki confirmation ye hoti ha k breakout k bad market km se km hourly candle close kary apni support ya resistance se bhr.or phr market apni support ya resistance ko test kary.
to jb market test kary to ap usi test py trade ln gy or apka stop loss support ya resistance line ya us se thira nechy ho ga
Note.
use proper risk and money management while trading forex.
agr ap ny meri pchli posts nhi parhi to phly go through kr len taa k apko smjh aa jy chart patterns hoty kia hain.
or phr aj hum discuss karen gy Wedge chart pattern or eski types or es ko trade karny ka treka.
What is Wedge pattern?
Dear memners wedge pattern 1 technical analysis ka part ha or es main 2 coverging trend lines bnti hain market k highs or lows ko mila k.
market k highs ya to falling hoty hain ya rising or esy hi lows bhi falling or rising ho skty hain jiski wja se wedge ki 2 types hoti ha.Wedge chart pattern 1 strong reversal pattern hota ha jo k technical analysis main use kia jata ha.
Ye pattern done main se 1 ka signal ho skta ha ye to bullish ya bearish laikin dono conditions main es k 3 feature hoty hain.
1)Converging trend lines
2)declining volume
3)breakout of the wedge
Declining volume ka mtlb hota ha jesy hesy market wedge main agy brhti ha to wedge ka area short hota jata ha jiski wja se trading volume bht km hota ha or market bht km move karti ha.
Breakout ka mtlb hota ha market wedge ko tor k es se bhr nkl jati ha kisi bhi side py ho skta ha nechy ya oper.
Rising Wedge.
Dear members wedge generally market k trend k opposite bnta ha mtlb k agr market downtrend main ha to us main rising wedge ho ga or aksr break out wedge ki direction se opposite hota ha mtlb k agr rising wedge ha to breakout lower line se ho ga r market sell main jygi.
Rising wedge tb bnta ha jb market higher highs ya or higher lows bnati ha or 2 convergin lines bnti hn in highs or lows ko mila k.
or market ka volume down hota jata ha jesy jesy market move kari ha wedge main.
Falling Wedge.
dear members falling wedge tb banta ha jb market lower highs or lower lows estrha se bnati ha k lows or highs ko mila k 2 converging line banti hain.
jesy jes market wedge main move karti ha trading volume km hota jata ha or wedge ka area bhi.
falling wedge ka breakout generally upper trend line se hota ha laikin phr bhi apko market ko dehan se dkhna chahye q k baz oqat wedge ka breakout kisis bhi direction main ho skta ha.
how to trade wedge?
Wedge ko trade karny k lye apko es k breakout ka wait karna hota ha jb ap dekhen breakout ho gia ha to uski confirmation ka wait ka wat karen breakout ki confirmation ye hoti ha k breakout k bad market km se km hourly candle close kary apni support ya resistance se bhr.or phr market apni support ya resistance ko test kary.
to jb market test kary to ap usi test py trade ln gy or apka stop loss support ya resistance line ya us se thira nechy ho ga
Note.
use proper risk and money management while trading forex.
