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Homing Pigeon Candlestick Pattern
Homing Pigeon Candlestick Pattern aik bearish trend reversal pattern hai, jo k prices k bottom main banta hai. Ye pattern aam tawar par two days candles par mushtamil hota hai, jo k "Descending Hawk Candlestick Pattern" ka opposite hai. Homing Pigeon Candlestick Pattern shap main "Bullish Harami Pattern" se meltta jullta hai, lekin last candle bearish hone ki waja se ye bullish harami pattern se mukhtalef ho jatta hai. Ye pattern bhi bullish harami pattern ki tarah bullish reversal k leye estemal hotta hai, jab bhi ye bearish trend main banta hai.
Candles Formation
Homing Pigeon Candlestick Pattern do bearish candles par mushtamil hota hai, jo k format me bullish harami pattern ki tarah hi hotti hai, aur ye donno pattern trend reversal k leye estemal hotte hen. Homing Pigeon Candlestick Pattern main candles ki formation darjazzel tarah se honni chaheye ;
1. First Candle: Homing Pigeon Candlestick Pattern ki pehlee candle aik strong long real body wali bearish candle hotti hai, jo k market main prices k bottom ki power dekhatti hai. Ye candle prices ko nechay ki taraf push karti hai, jo pricesk maojoda bearish trend ko mazeed downward le kar jati hai.
2. Second Candle: Homing Pigeon Candlestick Pattern ki dosri candle bhi same bearish candle hi hotti hai, lekin ye candle pehlee candle ki nisbbat ziadda strong bhi nahi hotti hai, aur na hi ye pehlee candle k close pe open hotti hai. Dosri candle pehlee candle k close price se above (yanni real body main) open hotti hai aur aik small real body bananne k baad pehlee candle k close point se pehle close bhi ho jatti hai. Ye candle bearish trend ki kamzori bhi battati hai aur sath hi trend k khatme ka ishara bhi detti hai. Dosree candle k high aur low pehlee candle k high aur low se kam hote hen.
Explaination
Homing Pigeon Candlestick Pattern bottom ko bullish trend me badalne ka kaam karta hai. Ye pattern do candles par mushtamil hotta hai, jis me teen patterns "Bullish Harami", "Bearish Engulfing" aur "Descending Hawk Pattern" ki hososeyyat hotti hai. Is pattern me pehlee candle dosri candle ko apne adar engulf kartti hai, jab k pattern same to same bullish harami jaisa hi hai, lekin dosri candle k color ka farraq hotta hai. Ye pattern decending hawk pattern ka opposite aur pattern me shamil dono candles bearish hotti hai. Homing Pigeon Candlestick Pattern ki pehlee candle ek bearish long real body wali strong candle bantti hai, jis se market me sellers ya bear power ki mazzbotti ka pata chaltta hai. Lekin dosre din ki candle aik to bantti bhi small size main hai aur dosra ye candle pehlee candle k real body main ban jatti hai. Yani candle ki open aur close dono prices pehlee candle k centre me hotti hai. Ye candle bearish trend ki kamzori k sath sath bullish trend k reversal ka bhi signal detti hai.
Trading
Homing Pigeon Candlestick Pattern trading k leye thora sa ajeeb pattern hai, q k is main shamil dono din k candles bearish hone k bawajood bhi ye bullish trend reversal ka kaam kartta hai. Pattern k banne ki position down trend hona chaheye aur long timeframe par bhi banna chaheye. Pattern par entry se pehle trend confirmation k leye teesri bullish candle ka intezar zarror karen, q k ye pattern normal neutral hososeyat rakhtti hai. Teesri bullish candle k baad market main sell ki entry kia karen, aur Stop Loss pattern k sab se lower point ya pehli candle k low price par set karen.
