Spike Candlestick Pattern Trading Strategy
*Asalam o alaikum* members
Spike pattern aik candle ki achanak bohut tez harkat me banne wala aik pattern hai, jo k market k top ya bottom position pe banta hai. Ye pattern shape me " V Pattern" jaisa hi hota hai, q k is pattern mein bhi qeematen achanak up-down movement karti hai. Spike pattern me candle akhari candle ki wick bohut ziada bari hoti hai, jahan se qeematen reject ho kar trend badal deti hai.
What is Spike candle?
Spike candlestick refers to an erratic rise in price, usually caused by new information coming into the market. The price breaks the previous trend to shoot high during the day but closes near the previous range.
Identification of Spike Pattern
Spike pattern aik candle ki achanak bohut tez harkat me banne wala aik pattern hai, jo k market k top ya bottom position pe banta hai. Ye pattern shape me " V Pattern" jaisa hi hota hai, q k is pattern me bhi qeematen achanak up-down movement karti hai. Spike pattern me candle akhari candle ki wick bohut ziada bari hoti hai, jahan se qeematen reject ho kar trend badal deti hai. Spike pattern me qeematen market k bottom me bearish trend k akher me aik bari wick wali bearish candle banate hen, jahan se qeematen wapis ho kar bullish trend pe move karna shoro kar deti hai.Bullish spike pattern hamesha bullish trenda k akher me aik bari wick wali bullish candle pe banta hai. Long wick bullish candle k baad qeematen bearish trend pe move karna shoro kar deti hai.
Interpretation of spike candlestick patterns
Spike pattern aksar achanak news ki waja se banta hai, is waja se humen market me ronuma hone wale news se lazmi bakhabar rehna chaheye. Dosri spike pattern pe trading bara faida mand sabit hota hai, agar hum is ko bar-waqat samajh pate hen to. Spike pattern k bari wick candle k baad market me entry karen aur candle k top pe stop loss put karen. agr common technical analysis ke baat ke jaye tou spike pattern ko reversal pattern sy reffer kiya jata hai. Yeh pattern tab form hota hy jb market ka emerging time end hota hai. Es liye es ke movement slow or down ho jati hai.
*Asalam o alaikum* members
Spike pattern aik candle ki achanak bohut tez harkat me banne wala aik pattern hai, jo k market k top ya bottom position pe banta hai. Ye pattern shape me " V Pattern" jaisa hi hota hai, q k is pattern mein bhi qeematen achanak up-down movement karti hai. Spike pattern me candle akhari candle ki wick bohut ziada bari hoti hai, jahan se qeematen reject ho kar trend badal deti hai.
What is Spike candle?
Spike candlestick refers to an erratic rise in price, usually caused by new information coming into the market. The price breaks the previous trend to shoot high during the day but closes near the previous range.
Identification of Spike Pattern
Spike pattern aik candle ki achanak bohut tez harkat me banne wala aik pattern hai, jo k market k top ya bottom position pe banta hai. Ye pattern shape me " V Pattern" jaisa hi hota hai, q k is pattern me bhi qeematen achanak up-down movement karti hai. Spike pattern me candle akhari candle ki wick bohut ziada bari hoti hai, jahan se qeematen reject ho kar trend badal deti hai. Spike pattern me qeematen market k bottom me bearish trend k akher me aik bari wick wali bearish candle banate hen, jahan se qeematen wapis ho kar bullish trend pe move karna shoro kar deti hai.Bullish spike pattern hamesha bullish trenda k akher me aik bari wick wali bullish candle pe banta hai. Long wick bullish candle k baad qeematen bearish trend pe move karna shoro kar deti hai.
Interpretation of spike candlestick patterns
Spike pattern aksar achanak news ki waja se banta hai, is waja se humen market me ronuma hone wale news se lazmi bakhabar rehna chaheye. Dosri spike pattern pe trading bara faida mand sabit hota hai, agar hum is ko bar-waqat samajh pate hen to. Spike pattern k bari wick candle k baad market me entry karen aur candle k top pe stop loss put karen. agr common technical analysis ke baat ke jaye tou spike pattern ko reversal pattern sy reffer kiya jata hai. Yeh pattern tab form hota hy jb market ka emerging time end hota hai. Es liye es ke movement slow or down ho jati hai.
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