Reversal Candlestick Stock Indices Patterns - Inverted Hammer Bullish Stock Indices Candle Patterns
Reversal Candle Stock Indices Chart Patterns: Bullish Stock Indices Candle Patterns & Bearish Stock Indices Candle Patterns
Reversal candle-stick patterns occur after an extended prior trend. Therefore, for a candle pattern to qualify as a reversal candlestick pattern there must be a prior trend.
These reversal candlestick patterns are:
- Hammer Stock Indices Candlesticks Pattern & Hanging Man Stock Indices Candle Pattern
- Inverted Hammer Stock Indices Candlesticks Pattern and Shooting Star Stock Indices Candle Pattern
- Piercing Line Indices Candlestick Pattern and Dark Cloud Cover Stock Indices Candle Pattern
- Morning Star Candles & Evening Star Candles
- Engulfing Stock Indices Candles Patterns
Hammer Stock Indices Candlesticks Pattern & Hanging Man Stock Indices Candle Pattern
Hammer Stock Indices Candlesticks Pattern & Hanging Man Candle Pattern candles look alike but hammer is bullish reversal candlestick pattern and hanging man is a bearish reversal candlestick pattern.
Hammer Stock Indices Candlesticks Pattern & Hanging Man Stock Indices Candle Pattern
Hammer Stock Indices Candles Patterns
Hammer is a potentially bullish pattern which occurs during a downwards indices trend. It is named so because the stock indices market is hammering out a market bottoms.
A hammer has:
- A small body
- The body is at the top
- The lower shadow is two or three times length of the real body.
- Has no upper shadow or very small upper shadow if present.
- The color of the body is not important
Hammer Candlesticks
Technical Analysis of Hammer Candles Patterns
The buy stock indices signal is confirmed when a candle closes above the opening stock indices price of the candlestick on the left side of the hammer candle sticks pattern.
Stop orders should be set a few pips just below low of the hammer candlestick.
Reversal Candle Indices Trading Patterns: Bullish Indices Candle Patterns & Bearish Indices Candlestick Patterns
Inverted Hammer Stock Indices Candles Pattern & Shooting Star Candle Pattern 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 market indices trend (star) or the bottom of a market indices trend (hammer).
The difference is that inverted hammer is a bullish reversal candlestick pattern while shooting star is a bearish reversal candlestick pattern.
Upward Indices Trend Reversal - Shooting Star Candlesticks
Downward Indices Trend Reversal - Inverted Hammer Candlesticks
Inverted Hammer Stock Indices Candles Pattern & Shooting Star Candle Pattern Indices Chart Patterns
Inverted Hammer Indices Trading Candle
This is a bullish reversal candle stick pattern. It forms at the bottoms of a Indices trend.
Inverted hammer forms at the bottom of a down indices trend and indicates the possibility of reversal of the downwards stock indices trend.
Inverted Hammer Indices Candlestick
Technical Analysis of Inverted Hammer Indices Trading Candle
A buy is completed when a candlestick closes above neck-line, this is opening of the candlestick on leftside of this pattern. The neck-line in this instance is a resistance area.
Stop orders for the buy stock indices trades should be placed a few pips below the lowest stock indices trading price on the recent low.
An inverted hammer is named so because it signifies that the stock indices trading market is hammering out a bottoms.
