What is the head and shoulders candlestick pattern:

What is the head and shoulders candlestick pattern:

WHAT IS HEAD AND SHOULDER PATTERN? Head and shoulders pattern ak bearish pattern ha or ya banta ha classical charting formation ma or ya technical analysis kar ka banta ha end ma uptrend ka or ya signals data ha previous trend ka end hona ka. Is pattern ko used karta ha forex traders ak indicator li trha sa or enter karta ha is ma short selling ki position ko or is ma exit larta ha long position ki trade ko. Ya pattern kuch inverse head and shoulders pattern li trha sa hota ha, ya head and shoulders pattern bana hota ha three tops ka sath or shape ko banta ha ak head jo ka middle ma hota ha or is ma shoulder ko banta ha ak left shoulder or dosra right shoulder, or is ma ak neckline hoti ha jo ka support level ki trha sa kam karti ha. Is pattern ki jo appearance hoti ha or is ki jo formation hoti ha or is ka jo matlab hota ha ya similar hota ha double top pattern or triple tip pattern ka. HOW TO IDENTIFY AND USE HEAD AND SHOULDERS PATTERN: Is ma kuch key features hota ha jin ko dalhta ha jab is head and shoulders pattern ko searching karta ha trading chart ma. Jasa ka first, jo ya pattern ho ga ya normally banay ga bullish uptrend ka bad or is time par period ma buying pressure losing kar raha ho ga momentum ko. Or phir, jo left shoulder ho ga ya banay ga jo ka followed ga middle peak ka higher ko or ya first top ho ga is pattern ka.or phir ak or right shoulder banay ga or ya same level par ho ga first left shoulder ka. Finally, ya jo pattern ho ga clear neckline ki banay ga or is used karay ga jasa support level ko karta ha. Jasa ka abova ka chart ma is head and shoulders pattern ki formation ko dakh sakta ha. Ya above ma Cad/jpy ka 1H ka chart ha ,or head and shoulders pattern is ma bana ha end ma uptrend ka or ya all time frame par ban jay ga or is ma jo sara elements ha ya madad karay ga identifying karna ka liya pattern ko. Is pattern ma logic ya ha ka jab is ma price falls below ma ho ge neckline sa ,to jo traders ho ge ya enter karay ga short selling position ko or is ma stop loss order ko highest level ma right shoulder ka set karay ga. Identify or trade karna ka liya is head and shoulders pattern ko is ka liya follow karna ho ga below ma jo steps ha in ko: 1: Sab sa phalay is pattern ma identify karay ga three top levels ko uptrend ma or ya banay ho ga uptrend ma left shoulder, head,or right shoulder sa. 2: Find karay ga is ma neckline ko jo ka support level par ho ga. 3: Is ma wait karay ga breakout ka bannay ko or traders place karay ga selling order ko jab ak candle closes below ma ho ge neckline sa. Is ma best ho ga ka use karay ga Fibonacci retracement levels or is tool sa confirmation karay ga. 4: Set karay ga is ma stop loss order ko abova ma neckline ka or ya phir is ko set karay ga highest level ma right shoulder ka or use karay ga is ma risk reward ratio ko. HOW TO TRADE USING HEAD AMD SHOULDERS CANDLESTICK PATTERN: Ya head and shoulders candle pattern same inverse head and shoulders pattern ki trha sa ho ga magar ya is ka opposite direction ho ge. Is ka matlab ha ka traders is ma target karay ga or find karay ga perfect entry level ko or is ma enter karay ga short selling position ko or is ma closing karay ga existing long position ko. Is ma trade karay ga breakout ko use karta hua identify karay ga head and shoulders pattern ko or is ma use karay ga Fibonacci retracement levels ko or confirmation ka liya. 1: TRADING THE BREAKOUT : Breakout trading ak trading technique ha jo ka bani hoti ha buying or selling assets sa jab price breaks karti ha above or below ma certain level ko. Is ko used karta ha bahot sa different charting patterns ka sath or ya madad karta ha bahot sa technical indicators sa. Jo achi ba ha is head and shoulders ki formation ki wo ya ka ya easy hota ha identify karna neckline ma or ta helps karta ha finding karna ki ideal breakout entry level ko. Kuch traders dakhta ha enter position ko is ma bahot hi immediately jab price falls below ma hoti ha neckline ka. Jasa ka example above ma o ya abova ma chart ma cad/jpy ka ya pairs exchange rate ha is ma ya dropped ho raha ha jab breakout is ma hua ha or is ma new bearish ka trend start ho raha ha. Is ma bahot sa traders prefer karay ga trade ka breakout ko bagar kisi bhi additional tools ko use karat ha or ma miss ni karay ga drop ko jab ya banay ga breakout ko following karta hua. Is ko especially active day traders or scalpees movements ko dakhta ha or out karta ha positions ko day ka times ma. 2: CONFIRM THE INVERSE HEAD AND SHOULDERS PATTERN WITH FIBONACCI LEVELS : Jo breakout trading ha ya ak bahot hi acha method ha small price ki movement ko capture karna kanliy ,or is trading strategy ko using karay ga kuch risk ka sath or ya pattern necessarily ni ho ga har types ka traders ka liya. Is ma use karay ga or tools ko jo ka madad karay ga confirm karna ka liya breakout ka ya kahi false breakout to ni ha. Is ma koi bhi guarantees ni ho ge tradimg ka liya is ka sath using kar ka or indicators ko jasa ka Fibonacci levels increase karay ga chances ka success hona ka. Ya jo abova ma cad/jpy ka chart ha is ma hum na used karay ga Fibonacci retracement levels ko use karya ga lowest sa highest level ma previous uptrend ka. Is ma dakh sakta ha jo breakout hua ha ya 38.2% Fibonacci level sa hua ha or ya breakout confirmed hua ha or is ma trend continues ho ga 78.6% ka level ak. Using karay ga Fibonacci levels ko or ya madad ni karay ga invalidate breakout ka magar is ma assists ma placing karna ka liya stop loss order ko or ya finding karay ga right profit target ko.