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    Hammer Candlesticks

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    elec.dmpm2015
    The Hammer Candlestick is a bullish reversal candlestick pattern that indicates a potential trend change from downtrend to uptrend. It consists of a small body near the low of the price range for the period and a long lower shadow with little or no upper shadow. This reflects that the security declined sharply during the period but recovered most of the decline by the close. A confirmation of an emerging uptrend occurs when subsequent candlesticks continue moving higher after the Hammer pattern.

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    Hammer Candlesticks

    Uploaded by

    elec.dmpm2015
    10 views2 pages
    The Hammer Candlestick is a bullish reversal candlestick pattern that indicates a potential trend change from downtrend to uptrend. It consists of a small body near the low of the price range for the period and a long lower shadow with little or no upper shadow. This reflects that the security declined sharply during the period but recovered most of the decline by the close. A confirmation of an emerging uptrend occurs when subsequent candlesticks continue moving higher after the Hammer pattern.

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    The Hammer Candlestick is a bullish reversal candlestick pattern that indicates a potential trend change from downtrend to uptrend. It consists of a small body near the low of the price range for the period and a long lower shadow with little or no upper shadow. This reflects that the security declined sharply during the period but recovered most of the decline by the close. A confirmation of an emerging uptrend occurs when subsequent candlesticks continue moving higher after the Hammer pattern.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    10 views2 pages

    Hammer Candlesticks

    Uploaded by

    elec.dmpm2015
    The Hammer Candlestick is a bullish reversal candlestick pattern that indicates a potential trend change from downtrend to uptrend. It consists of a small body near the low of the price range for the period and a long lower shadow with little or no upper shadow. This reflects that the security declined sharply during the period but recovered most of the decline by the close. A confirmation of an emerging uptrend occurs when subsequent candlesticks continue moving higher after the Hammer pattern.

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    © All Rights Reserved
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    Hammer Candlestick

    Hammer Candlestick ?


    ?

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    !%+ e !-. %! Candlestick (!/ Hammer Candlestick  01!* mr# -

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    (o) B m 01 0)।
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    ((*&L)  < () ?


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    ei "Hammering out" -bB C!i "Hammer Candlestick" -bB e!!S ।

    Hammer Candlestick  [*T () ?


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    Price ` T!_ Opening Price a!#k u!l1!\+ #!5 ! ), nt Closing e )
    Closing Price e  Opening Price a!#k -T (!) ) (Bullish)।  -T (!* 
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    a!B (*&L  Hammer e * () ।
    Hammer Candlestick e -*><T :
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    mr# -
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    (!* (! ।
    ,  C!<o 1& SB (!* (! ।
    k - Candlestick e  Upper Shadow C! ,
    l - Candlestick e Body T_ !я (Trading Range) 6*! C!* (! ।
    n - Candlestick e Body   !o (!* #! (Bullish / Bearish), *! Bullish
    -T > ।

    !>!B Uptrend e Confirmation :


    Hammer Candlestick 6=>* (!<i !>!B Uptrend $r (! - eB 6 ur* ) ।
    !>!B Uptrend s* (o) яn Hammer Candlestick e #! -k-<T Bullish
    Candlestick e u#s* eni яrT ।

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