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Bullish On-Neck Line Candlestick Pattern
Bullish on-neck line candlestick pattern price chart par jab bhi hota hai, to market ka trend same bullish movement karna jari rakhta hai. Ye two days ka aik bullish trend continuation hai, jo prices k top par ya bullish trend main paya jata hai. Ye pattern market main bulls ka control zahir karta hai, jo bullish trend k dowran wo bears ki koshash ko nakam bana dete hen. Price chart par hamesha se aik khas trend k mutabiq move kar rahi hoti hai, lekin high prices par aksar prices ko trend reversal ki jagah trend continuation jari rehta hai, jaise price ko bullish thrusting line candlestick pattern ka samna karna parh jata hai, to uss k baad prices teezi k sath rise karna shoro karti hai, jo k aik bullish trend continuation ki alamat hoti hai.
Candles Formation
Bullish on-neck line pattern pehli din ki candle aik bullish candle hoti hai, lekin dosre din ki candle bearish candle k close prices par hone ki bajaye top gap main open ho kar ussi k real body se ooper close hoti hai. Pattern main shamil candles ki formation darjazzel tarah se hoti hai:
1. First Candle: Bullish on-neck line candlestick pattern ki pehli candle aik bullish candle hoti hai, jo prices k top par ya bullish trend ki continuation ka kaam karti hai, q k ye aik real body wali candle hoti hai. Ye candle white ya green color ki candle hoti hai.
2. Second Candle: Bullish on-neck line candlestick pattern ki dosri candle aik real body wali bearish candle hoti hai. Ye candle open pehli candle k top par gap main hoti hai, jab k close pehli candle k close price se above hoti hai. Bearish candle k shadow samet ya shadow k bagher ho sakti hai, lekin candle lazmi real body main honi chaheye.
Explanation
Bullish on-neck line candlestick pattern market k prices ko same bullish trend main continue karta hai, jo k do candles, bullish aur bearish se mel kar banta hai. Pattern ki pehli candle aik bullish candle hoti hai, jo k prices k top ya bullish trend ko zahir karti hai. Ye candle aik normal real body main shadow samet ya shadow k bagher ho sakti hai. Pattern ki dosri candle pehli candle k opposite direction yanni bearish candle hoti hai, jo open pehli candle k top par gap main hoti hai, aur close pehli candle k real body aur closing price se thora sa above gap main hoti hai. Ye candle pehli candle se bane gap ko pora nahi cover karti hai, jiss se market main trend reversal ki koshash nakam rehti hai, yanni dosri candle pehli candle se k close price se bane gap main hi close ho jati hai.
Trading
Bullish on-neck line candlestick pattern prices k top par traders k leye buy ka signal genrate jarta hai, jiss confirmation candle k baad entry ki ja sakti hai. Pattern k baad confirmation candle ka real body main bullish hona bhi zarori hai, jab k dosri candle k top par close hona bhi aham hai. Pattern k baad bearish candle banne se pattern par buy ki entry nahi karni chaheye, jab k trend confirmation indicator jaise CCI, RSI, MACD aur stochastic oscillator se bhi ki ja sakti hai, jiss par value fifty percent se above zone main honi chaheye. Pattern par stop loss ka bhi zaror istemal karen. Stop Loss pattern k sab se bottom position ya pehli candle k open price se two pips below set karen.