Thursday, May 23, 2013

HAMMER AND HANGING MAN


The Hammer and Hanging man candles have small real body (whether green or red) and should have long single sided shadow.
An HAMMER appears on a down trend at or near the bottom which suggests that the market is hammering out a base.
An HANGING MAN appears on an uptrend at or near the top which suggests that the market is creating a top. One must wait for a close under the Hanging man’s real body before becoming BEARISH.



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