Reversal Candles Patterns - Inverted Hammer Candle Pattern
Reversal Candles Indices Trading Patterns: Bullish Indices Candle Patterns & Bearish Indices Candlestick Patterns PDF
Inverted Hammer Stock Indices Candlesticks Pattern and Shooting Star Stock Indices Candles Pattern indices candlesticks look alike. These have a long upper shadow and a short body at the bottom. Their color does not matter. What matters is the point where they appear whether at the top of a indices trend (star) or the bottom of a indices trend (hammer).
Difference is that inverted hammer stock indices candles pattern is a bullish reversal stock indices candlesticks pattern while shooting star stock indices candlesticks pattern is a bearish reversal stock indices candle sticks pattern.
Upward Indices Trend Reversal - Shooting Star Indices Candles Pattern
Downward Indices Trend Reversal - Inverted Hammer Indices Candles pattern
Inverted Hammer Stock Indices Candlesticks Pattern and Shooting Star Candles Pattern Candles Chart Patterns
Inverted Hammer Candlesticks Pattern
Inverted Hammer Candles Pattern is a bullish reversal stock indices candles pattern. It forms at the bottoms of a Indices trend.
Inverted hammer stock indices candles pattern occurs at the bottom of a downwards indices trend and indicates the possibility of reversal of the downwards stock indices trend.
Indices Technical Analysis of Inverted Hammer Candles Pattern
Indices Technical Analysis of Inverted Hammer Candles Pattern
A buy is confirmed when a indices candlesticks closes above the neckline of the inverted hammer stock indices candlesticks pattern, this is the opening stock indices price of the indices candlesticks on the left side of this inverted hammer stock indices candles pattern. The neckline in this instance is a resistance area.
Stop loss orders for the buy stock indices trades should be placed a few pips below the lowest stock indices price on the recent low of this inverted hammer stock indices trading candles pattern.
An inverted hammer is named so because it signifies that the stock indices trading market is hammering out a bottoms.
