What is On Neckline Candlestick Pattern

INTRODUCTION

Assalamualaikum I hope you all are fine and doing well on forex trading. Forex mein aj ki post on neckline candlestick pattern key bary mein hay ju mn AP key shear krun ge.

What is On Neckline Candlestick Pattern:

Forex trading mein Kam Karne wale members ko headline aur Forex trading mein right shoulder left shoulder head for reverse set and Shoulder pattern Ka pata hona bahut jaruri hai ya common pattern hai . aur Forex trading mein Kam Karne wale membership is baat se laaj me aware hone chahiey. ke Forex trading mein kam karne ke liye aapko and basic patterns Ka pata hona bahuot jaruri hai. kyun ki in see aap Forex trading mein helpful trading kar sakte hain Jo Forex trading main aapko hamesha kamyabi dete Hain Forex trading mein kafi sarey patterns used hote hain Jin mein Forex trading ke top patterns mein se Head and Shoulder aur Java sad and Shoulder pattern hai ya Forex trading ke basic patterns hai ine ki madad se aap indicators ko use kar sakte hain.

How to Use this Pattern:

Forex trading chart py jub bhi head and shoulder pattern bnta nazar ay aor usky head ky opposite side py below side jo straight line bnti hai us ko on neck line kaha jata hai aor yeh zaroori nhi hai ky horizontal he ho wo thori teri bhi ho skti hai apko candlestick chart ko understand krna ana chye candlestick chart ma bajot sari information hoti hain aik single candle bhi market ma apko kafi sari information provide kr skti hai apko market ky bary ma hidden secrets ka ilm hina chye tb he ao achy professional trader bn skty hain.

Treading Strategy:

Dear Forex trading chart py jub bhi head and shoulder pattern bnta nazar ay aur usky head ky opposite side py below side jo straight line bnti hai. us ko on neck line kaha jata hai aor yeh zaroori nhi hai ky horizontal he ho wo thori teri bhi ho skti hai apko candlestick chart ko understand krna ana chye candlestick chart ma bajot sari information hoti hain aik single candle bhi market ma apko kafi sari information provide kr skti hai. apko market ky bary ma hidden secrets ka ilm hina chaye. tb he ao achy professional trader bn skty hain.

Re: What is On Neckline Candlestick Pattern

The "On Neckline" candlestick pattern is a technical analysis pattern commonly used in forex trading. It is a bearish reversal pattern that appears after an uptrend.The pattern is formed by two candlesticks, the first being a long bullish candlestick followed by a smaller bearish candlestick. The second candlestick opens higher than the close of the first candlestick, indicating a potential continuation of the uptrend. However, the price quickly turns lower and closes below the midpoint of the first candlestick, forming a bearish confirmation of a trend reversal.The name "On Neckline" comes from the fact that the closing price of the second candlestick touches the support level created by the low of the first candlestick. This support level is also known as the "neckline." Traders often look for additional confirmation of the pattern through other technical indicators, such as volume or oscillators, before making trading decisions based on this pattern.Overall, the On Neckline candlestick pattern can be a useful tool for forex traders to identify potential trend reversals and to make informed trading decisions based on technical analysis.