Pipe Top & Pipe Bottom Pattern?
ye aik double candle stick pattern hota ha ye pattern hr time frame k lye useful ha lekin ye long time frame main acha perform karta ha ye pattern reversal pattern hota ha jo k trend change hony ki nishani hoti ha.esko pipe ka nam es lye dia gia ha k es main 2 candles aik sath bnti hn or pipe ki shkl ki dkhti hain.pipe top pattern bullish trend k end main bnta ha or ye trend reversal ki indication hota ha jb k pipe bottom pattern bearish trend k end main bnta ha or ye trend reversal ki indication hota ha es main bhi 2 candles aik sth bnti hain or pipe ki shkl ki dkhti hain baz oqat ye end of retracement ko bhi indicate karty hain..
Identification of this pattern?
Spikes:*spike ka mtlb hota bht lmbi price movement jo k previous movement se zada ho or es main lambi candles banti ha. Ye 2 candles hoti hain jo k opposite direction main bnti ha 1 sell ki or 1 buy ki overlaps:*2 spike candles jb bnti hain to wo apni body ka zada tr hissa share krti hain mtlb k 70% dobo ki height matching hoti ha. Ye lazmi ni hota k high se le kr low to match hn Es body matching ko overlap kaha jata ha Volume ye es pattern ki validity ka important factor ha Average se zada market volume involve hona chahye in spikes k banny main Confirmation :Es pattern ki confirmation ye hoti ha k es k bad jo next candle bny wo es pattern ki closing price se nechy pipe bottom main close ho jb k pipe top main next candle es pattern ki closing price ae opr close ho.
HOW TO TRADE IT?
Pipe bottom ki confirmation jb ho jy candle closing k bad to es main buy ki entry le skty hain or hmara stop loss pipe bottom ki closing ya us se nechy ho ga jb k profit target in spikes candles ki height k equal ho ga pipe top ki confirmation kr candle k es se opr close hony k bad sell ki entry le skty hain or stop loss pipe top ki closing ya us se nechy ho ga or profit target spikes candles ki height k equal ho ga.
ye aik double candle stick pattern hota ha ye pattern hr time frame k lye useful ha lekin ye long time frame main acha perform karta ha ye pattern reversal pattern hota ha jo k trend change hony ki nishani hoti ha.esko pipe ka nam es lye dia gia ha k es main 2 candles aik sath bnti hn or pipe ki shkl ki dkhti hain.pipe top pattern bullish trend k end main bnta ha or ye trend reversal ki indication hota ha jb k pipe bottom pattern bearish trend k end main bnta ha or ye trend reversal ki indication hota ha es main bhi 2 candles aik sth bnti hain or pipe ki shkl ki dkhti hain baz oqat ye end of retracement ko bhi indicate karty hain..
Identification of this pattern?
Spikes:*spike ka mtlb hota bht lmbi price movement jo k previous movement se zada ho or es main lambi candles banti ha. Ye 2 candles hoti hain jo k opposite direction main bnti ha 1 sell ki or 1 buy ki overlaps:*2 spike candles jb bnti hain to wo apni body ka zada tr hissa share krti hain mtlb k 70% dobo ki height matching hoti ha. Ye lazmi ni hota k high se le kr low to match hn Es body matching ko overlap kaha jata ha Volume ye es pattern ki validity ka important factor ha Average se zada market volume involve hona chahye in spikes k banny main Confirmation :Es pattern ki confirmation ye hoti ha k es k bad jo next candle bny wo es pattern ki closing price se nechy pipe bottom main close ho jb k pipe top main next candle es pattern ki closing price ae opr close ho.
HOW TO TRADE IT?
Pipe bottom ki confirmation jb ho jy candle closing k bad to es main buy ki entry le skty hain or hmara stop loss pipe bottom ki closing ya us se nechy ho ga jb k profit target in spikes candles ki height k equal ho ga pipe top ki confirmation kr candle k es se opr close hony k bad sell ki entry le skty hain or stop loss pipe top ki closing ya us se nechy ho ga or profit target spikes candles ki height k equal ho ga.
