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Long Upper Shadow Candlestick
Long upper shadow candlestick aik single candle par mushtamil pattern hai, jo k prices k top trend par bannti hai, aur prices ka bearish trend reversal ka kaam karti hai. Ye candle taqreeban shap main shooting star candle se melti julti hai, jo k prices k leye beariah trend reversal ka sabab banti hai. Long upper shadow candle ki aik small real body hotti hai, jis ka upward side par aik long tail ya wick hotti hai. Jab k ziadda tar candle k lower side par koi wick ya shadow nahi bantta hai. Aggar down side par aik small wick ban bhi jayye to bhi acceptable hai, lekin ziada long ya real body se sizze main bara na ho. Ye candle higher trend par honne ki waja se long lower shadow candle ki opposite hotti hai, q k wo prices k bottom trend par bantti hai, lekin us ka shadow ya wick downside par hotta hai.
Candles Formation
Long upper shadow candlestick pattern bottom trend par bullish trend reversal ka kaam to kartti hai, lekin zarrori nahi hai, k ye candle bullish hi ho. Candle k leye bottom position ziadda aham hai. Candle ki formate darjazzel tarrah se honna chaheye ;
Long Upper Shadow Candle: Long upper shadow candle bullish ya bearish dono formate main ho saktti hai. Ye candle kisi bhi color main yanni black or red main ho kaam is ka bearish trend reversal ka hotta hai. Candle ki real body small aur upper side par aik long wick zarorr hona chaheye.
Explanation
Long upper shadow candlestick pattern k banne k pechay ki psychology ye hai k upper trend par prices bullish trend k rules ko follow kartte howe pehle upward jatti hai, lekin baad main sellers ki market par selling pressure ki waja se qeematen wapis downward move kar jati hai, jiss se prices ko upward side par resistance ka samna karna parta hai. Long upper shadow candle main prices upward janne k baad wapis open price k pass close ho jatti hai, jis par candle ki aik small real body banti hai, aur upper side par aik long shadow ya wick hotti hai. Long upper shadow candle ki downside par wese to koi wick ya shadow nahi honna chaheye lekin aggar bann jaye to is se candle k formation par koi assar nahi partta hai. Lekin downside par shadow ziada lamba nahi hona chaheye jis se ye candle "Spinning top" candle bann jaye. Candle k bullish ya bearish color se koi assar nahi partta hai.
Trading
Long upper shadow candlestick aggar long timeframe pa ho to bullish trend reversal ziada mazbot hogga. Candle ki long upper shadow prices k leye aik strong resistance muhaya karti hai, jiss se prices ka downward fall ziada mustahkem hota hai. Long upper shadow candle shape main hammer candle jaisa hi hai, lekin prices k top par honne ki waja se difference bann jatta hai. Long upper shadow candlestick pattern par entry karne se pehle prices ka top area honna zarrori hai, dosra pattern k baad confirmation candle ya koi relaible indicator se help bhi zarror lenni chaheye. Aggar long upper shadow candle k baad aik long real body wali bullish candle banti hai to ye aik strong trend reversal aur market main sell ki entry ki position hoggi. Stop Loss ki position pattern k top par ya candle k shadow k upper se ek ya do pips above set karen.
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