Reversal Indices Candle Patterns - Hammer Candlestick Pattern
Reversal Candle-sticks Indices Setups: Bullish Indices Candle Patterns and Bearish Indices Candle Patterns Tutorial Course
Reversal candles patterns occur after an extended prior market trend. Hence, for a candles pattern setup to qualify as a reversal candles setup there must be a prior market trend.
These reversal candle-sticks patterns are:
- Hammer Stock Index Candles Pattern and Hanging Man Stock Indices Candle Pattern
- Inverted Hammer Stock Index Candles Pattern and Shooting Star Stock Indices Candle Pattern
- Piercing Line Indices Candle Pattern and Dark Cloud Indices Candle Pattern
- Morning Star Candlesticks and Evening Star Candles
- Engulfing Indices Candles Patterns
Hammer Stock Indices Candles Pattern and Hanging Man Stock Index Candle Pattern
Hammer Stock Indices Candles Pattern & Hanging Man Candlestick Pattern candlesticks look alike and similar but hammer candlesticks setup pattern is bullish market reversal candlesticks pattern & hanging man is a bearish market reversal candlestick pattern.
Hammer Stock Indices Candles Pattern and Hanging Man Stock Index Candle Pattern
Hammer Stock Indices Candle Patterns
Hammer Candlesticks Pattern is a potentially bullish candle pattern setup which forms during a downward indices trend. It's named and called so because the market is hammering out a bottom.
A hammer candle pattern has:
- A small body
- The body is at the top
- The lower shadow is 2 or 3 times the length of real body.
- Has no upper shadow or has a very small upper shadow if present.
- The color of the body isn't important
Hammer Candle-sticks
Technical Analysis of Hammer Candlesticks Pattern
The buy signal gets to be confirmed when a candlestick closes above the opening price of the candle to the left side of the hammer candlesticks pattern.
Stop Loss orders should be set a few pips just below the low of the hammer candle stick pattern.
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