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Date of Entry : 2013-01-13
Year : 50
Residence Country : Serbia

ma1 Hammer

on Mon Mar 30, 2015 2:40 pm
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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.
Number of messages : 192
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Date of Entry : 2015-04-21
Year : 30

ma1 Re: Hammer

on 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.
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