Hammer
Mon Mar 30, 2015 2:40 pm
[You must be registered and logged in to see this image.]
Hammer --- an important bottoming candlestick line. The hammer and the hanging man are both the same line, that is a small real body (white or black) at the top of the session's range and a very long lower shadow with little or no upper shadow. When this line appears during a downtrend it becomes a bullish hammer. For a classic hammer, the lower shadow should be at least twice the height of the real body.
Hammer --- an important bottoming candlestick line. The hammer and the hanging man are both the same line, that is a small real body (white or black) at the top of the session's range and a very long lower shadow with little or no upper shadow. When this line appears during a downtrend it becomes a bullish hammer. For a classic hammer, the lower shadow should be at least twice the height of the real body.
Short info about me!
I am forex, stock market trader, and software developer at the same time. I developed several Trading Robots (Expert Advisors) for trading on Meta Trader 5 trading platform. If you want to see all my EA's, visit the following link below.
* [You must be registered and logged in to see this link.]
- Vlad
- Number of messages : 192
Points : 2345
Date of Entry : 2015-04-21
Year : 31
Re: Hammer
Sun Sep 06, 2015 7:13 pm
I've read many times that the "hammer" is the most reliable signal of trend reversal in candlestick analysis.
Permissions in this forum:
You cannot reply to topics in this forum
|
|