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Candlestick Pattern Quick Trading Guide

This guide explains candlestick patterns used in trading, highlighting key patterns such as Doji, Hammer, and Bullish Engulfing. It emphasizes the importance of trading rules, including entry points near support and resistance, using volume for confirmation, and managing risk. Additionally, it suggests combining patterns with other indicators like RSI and Moving Averages for better results.

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aiearning999
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11 views1 page

Candlestick Pattern Quick Trading Guide

This guide explains candlestick patterns used in trading, highlighting key patterns such as Doji, Hammer, and Bullish Engulfing. It emphasizes the importance of trading rules, including entry points near support and resistance, using volume for confirmation, and managing risk. Additionally, it suggests combining patterns with other indicators like RSI and Moving Averages for better results.

Uploaded by

aiearning999
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Candlestick Pattern Quick Trading Guide

INTRODUCTION:
Candlestick chart price movement ko show karta hai. Har candle me 4 cheeze hoti hain:
Open, High, Low, Close.

BASIC STRUCTURE:
Green Candle = Price upar gaya (Bullish)
Red Candle = Price niche gaya (Bearish)

TOP IMPORTANT PATTERNS:

1) DOJI:
Open aur Close almost same. Market indecision.

2) HAMMER:
Chhota body, lambi lower wick. Downtrend ke baad aaye to reversal signal.

3) SHOOTING STAR:
Chhota body, lambi upper wick. Uptrend ke baad aaye to reversal signal.

4) BULLISH ENGULFING:
Green candle previous red candle ko cover kare. Strong buy signal.

5) BEARISH ENGULFING:
Red candle previous green candle ko cover kare. Strong sell signal.

6) MORNING STAR:
3 candle pattern. Downtrend ke baad bullish reversal.

7) EVENING STAR:
3 candle pattern. Uptrend ke baad bearish reversal.

TRADING RULES (IMPORTANT):


- Hamesha support & resistance ke paas entry lo.
- Volume confirm kare to signal strong hota hai.
- Stop loss zarur lagao.
- Ek trade me capital ka 1-2% risk lo.
- Fake breakout se bachne ke liye confirmation candle ka wait karo.

TIMEFRAME GUIDE:
Scalping: 1min - 5min
Intraday: 5min - 15min
Swing: 1H - 4H

FINAL TIP:
Pattern akela kaafi nahi hota. RSI, Moving Average ya Trendline ke sath use karo.

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