What is High wave candlestick?

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What is High wave candlestick?
Aik high wave candle stuck patteren aik ghair faisla kin patteren hai jo nah to taizi aur nah hi mandi ki market ke halaat ki nishandahi karta hai. yeh aam tor par himayat aur muzahmat ki sthon par hota hai. yeh woh jagah hai jahan reechh aur bail qeemat ko aik makhsoos simt mein chalanay ka muqaabla karte hain. lambay nichale saaye aur lambi onche VICKS mom batii ke design ko dikhaane ke liye istemaal kiye jatay hain. un ke bhi chhootey jism hain. lambi VICKS poori muddat mein qeematon mein bohat ziyada harkat ki nishandahi karti hain. taham, qeemat aakhir kaar iftitahi satah ke qareeb aa gayi. ziyada tar halaat mein, khredar qeematein badhaane ki koshish karte hain lekin inhen shadeed mukhalfat ka saamna karna parta hai. isi terhan baichnay walay qeematein kam karne ki koshish karte hain lekin shadeed mukhalfat ka saamna karna parta hai. dono qeemat ko aik makhsoos simt mein chalanay mein nakaam rehtay hain, jis ke nateejay mein candle stick jahan se shuru hui thi wahan se band ho jati hai .

Key Takeaway
High wave candle stuck aik munfarid qisam ki ghoomnay wali taap bunyadi candle stuck hai jis mein aik ya do lambay saaye hotay hain. khulay aur band honay par qeematein aik jaisi nahi hain. woh aik dosray se qadray mukhtalif hain. jism ke rang ka yahan koi assar nahi hai. patteren lambi tangon walay dogi ki terhan lagta hai. high view patteren is baat ki nishandahi karta hai ke market mein taizi se tabdeelian aati hain, bilkul isi terhan jaisay ziyada tar mom btyon ke saaye lambay hotay hain. yeh mojooda rujhan ko khatray mein daal sakta hai. mom batii ki ahmiyat, bohat si doosri misalon ki terhan, market ki tarteeb par bohat ziyada munhasir hai .

Re: What is High wave candlestick?

What is High-Wave Candlestick Pattern?

A high wave candlestick pattern is an indecisive pattern that indicates neither bullish nor bearish market conditions.
It generally happens at the levels of support and resistance. This is where bears and bulls compete to drive the price in a specific direction.
Long lower shadows and long higher wicks are used to show the design of candlesticks. They, too, have little bodies. Long wicks indicate a lot of price movement throughout the period. However, the price eventually settled near the opening level.
In most situations, buyers attempt to raise prices but are met with fierce opposition. Similarly, sellers attempt to cut prices but find fierce opposition.
Both fail to drive price in a specific direction, resulting in the candlestick closing near to where it began.
Formation

The high wave candlestick is a unique type of spinning top basic candlestick with one or two lengthy shadows. The prices at the open and closing are not the same. They differ slightly from one another. The colour of the body has no bearing here. The pattern looks like a long-legged Doji.


How to interpret this pattern?

A high wave candlestick pattern can appear anywhere on the price chart of a stock or currency pair. This High-wave candlestick pattern could be regarded as part of a continuation pattern if it appeared in the middle of a move, either an upward trend or downwards trend.
For example, if a stock is heading up and the high wave candlestick pattern appears, a consolidation could occur. After a few swings, the price of a range’s highs and lows may break out of the range and continue to rise.


How to trade with this pattern?

Because traders are unsure about a stock’s direction, high wave candlesticks appear. If you spot such a pattern on a chart, you should usually wait a day or two before entering a trade.
When this occurs, it’s critical to wait for the subsequent candlesticks to form before determining the stock’s direction. As a result, it can be difficult to trade high wave candles at times.
That is why it is critical to understand what candlesticks are telling you. In addition, it’s critical to maintain patience and allow the process to unfold naturally.....

Re: What is High wave candlestick?

What is High-Wave Candlestick Pattern? A high wave candlestick pattern is an indecisive pattern that indicates neither bullish nor bearish market conditions. It generally happens at the levels of support and resistance. This is where bears and bulls compete to drive the price in a specific direction.
What is high and low in candlestick?
















The high is marked by the top of the upper shadow and the low by the bottom of the lower shadow. If the stock closes higher than its opening price, a hollow candlestick is drawn with the bottom of the body representing the opening price and the top of the body representing the closing price.