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gandra
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Date of Entry : 2013-01-13
Year : 49
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ma1 Inverted Hammer

on Mon Mar 30, 2015 2:54 pm
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Inverted hammer --- following a downtrend, this is a candlestick line that has a long upper shadow and a small real body at the lower end of the session.There should be no, or very little, lower shadow.It has the same shape as the bearish shooting star, but when this line occurs in a downtrend, it is a bullish bottom reversal signal with confirmation the next session (i.e., a white candlestick with a higher close or a higher opening).
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