Dear friends, On neck candlestick pattern ik bearish continuation pattern ha aur yeh downtrend ma appear hota ha, yeh do candlestick pattern par mabni hota ha aur in dono ki closing line atleast same hoti hai jo aik neck form karti ha, yeh aik reason ha kay on neck pattern ko neck line bhi kaha jata ha,
How to confirm this pattern:
Yeh aik small pattern hota hay jis ko identify karna kafi easy hota hay, iski confirmation kay liay hmain kuch conditions confirm karni parti hain jin main sa pehli condition ye downtrend main appear hota hay jiski waja sa isay bearish continuation pattern bhi kaha jata hay, pattern ki pehli candle long bearish hoti hay jab kay second candle small bullish hoti hay, second candle ka close first candle kay closing point sa nearly match karta hay, aur ye candle ki low price sa further advance nhi karti, ye pattern in-neck pattern sa kafi same hota hay is liay correctly identify karnay kay liay traders ko focus karna chaiay
Guidance given to traders by this pattern:
ye ik bearish continuation pattern hai jo trend ki continuation ko show karta hai aur ye down side ki taraf hoti ha, first candlestick trader ko ye information deti hai kay market ma negative sentiments hai or es time par bear force ka full control ha, dusri candlestick bullish or small hoti hai jo ye indicate karti hai kay market ma bull strike back karny ki koshish kar raha hai aur ye small bullish pressure ko show to karti hai laikin jb session end hony wala hota hai to bear phr sy market ko take over kar leta ha, lihaza ye candlestick again ye information daiti hai kay market ka trend mazeed continue ho ga or market down side par move karny wali hai.
Observance behind On Neck pattern:
Yeh pattern downtrend main impulsive moment kay bad retracement ki waja say banta hay, kiun kay market ka structure two types ki moves per mabni hota hay matlab impulsive waves kay bad retracement. Bearish candlestick impulsive wave kehlati hay jab keh bullish candlestick retracement, is pattern say winning ratio incease karnay kay liye ye confirm kar lain kay pattern support area ki bajay downtrend main ho, jab keh RSI 30 to 70 ki range main ho na kay overbought ya oversold area main.
How to confirm this pattern:
Yeh aik small pattern hota hay jis ko identify karna kafi easy hota hay, iski confirmation kay liay hmain kuch conditions confirm karni parti hain jin main sa pehli condition ye downtrend main appear hota hay jiski waja sa isay bearish continuation pattern bhi kaha jata hay, pattern ki pehli candle long bearish hoti hay jab kay second candle small bullish hoti hay, second candle ka close first candle kay closing point sa nearly match karta hay, aur ye candle ki low price sa further advance nhi karti, ye pattern in-neck pattern sa kafi same hota hay is liay correctly identify karnay kay liay traders ko focus karna chaiay
Guidance given to traders by this pattern:
ye ik bearish continuation pattern hai jo trend ki continuation ko show karta hai aur ye down side ki taraf hoti ha, first candlestick trader ko ye information deti hai kay market ma negative sentiments hai or es time par bear force ka full control ha, dusri candlestick bullish or small hoti hai jo ye indicate karti hai kay market ma bull strike back karny ki koshish kar raha hai aur ye small bullish pressure ko show to karti hai laikin jb session end hony wala hota hai to bear phr sy market ko take over kar leta ha, lihaza ye candlestick again ye information daiti hai kay market ka trend mazeed continue ho ga or market down side par move karny wali hai.
Observance behind On Neck pattern:
Yeh pattern downtrend main impulsive moment kay bad retracement ki waja say banta hay, kiun kay market ka structure two types ki moves per mabni hota hay matlab impulsive waves kay bad retracement. Bearish candlestick impulsive wave kehlati hay jab keh bullish candlestick retracement, is pattern say winning ratio incease karnay kay liye ye confirm kar lain kay pattern support area ki bajay downtrend main ho, jab keh RSI 30 to 70 ki range main ho na kay overbought ya oversold area main.