The inverted hammer occurs when the price has been falling and its long upper shadow shows that price was trying to go higher, suggesting a slow down of the current direction and a potential reversal. The shovel is the opposite, where the current rising price direction may slow down and potentially reverse.
The inverted hammer occurs when the price has been falling and its long upper shadow shows that price was trying to go higher, suggesting a slow down of the current direction and a potential reversal. The shovel is the opposite, where the current rising price direction may slow down and potentially reverse.
The inverted hammer occurs when the price has been falling and its long upper shadow shows that price was trying to go higher, suggesting a slow down of the current direction and a potential reversal. The shovel is the opposite, where the current rising price direction may slow down and potentially reverse.
The inverted hammer occurs when price has been falling
suggests the possibility of a reversal. Its long upper shadow shows that price was trying to go higher suggesting a slow down of the current direction with a reversal potential.
One of The Most Often Misunderstood Pattern - Does Not Matter If There Is A Wick or Not. It Is - It Is A Reversal Pattern - Patterns Are A Foot Print of What Has Come
We Only Look at The Bodies To Determine Engulfing Candles. It Is Where The Body of The Current Candle Completely Swallows The Body of The Previous Candles
The Bullish Engulfing Pattern Is A Two Candle Stick Pattern That Signals A Strong Up Move May Be Coming. It Happens When A Bearish Candle Is Immediately Followed by A Larger