Reversal Indices Candle Patterns - Hammer Candlestick Pattern
Reversal Candle-sticks Indices Setups: Bullish Stock Indices Candle Patterns & Bearish Stock Indices Candle Patterns Tutorial
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 Indices Candles Pattern & Hanging Man Stock Indices Candle Pattern
- Inverted Hammer Stock Indices Candles Pattern and Shooting Star Stock Indices Candle Pattern
- Piercing Line Indices Candle Pattern and Dark Cloud Stock Indices Candle Pattern
- Morning Star Candlesticks & Evening Star Candlesticks
- Engulfing Indices Candles Patterns
Hammer Stock Indices Candles Pattern & Hanging Man Stock Indices Candle Pattern
Hammer Stock Indices Candlesticks Pattern and Hanging Man Candlestick Pattern candlesticks look alike and similar but hammer candlesticks setup pattern is bullish market reversal candles pattern and hanging man is a bearish market reversal candle pattern.
Hammer Stock Indices Candles Pattern & Hanging Man Stock Indices Candle Pattern
Hammer Stock Indices Candle Patterns
Hammer Candlesticks Pattern is a potentially bullish candle-stick pattern setup which forms during a downward indices trend. It's named and called so because the market is hammering a bottom.
A hammer candle pattern has:
- A small body
- The body is at the top
- The lower shadow is two 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 candle 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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