The Hammer is a bullish reversal pattern that forms after a decline also hammers can mark bottoms or support levels.The Hanging Man is a bearish reversal pattern that can also mark a top or resistance level.
Showing posts with label Harami Position. Show all posts
Showing posts with label Harami Position. Show all posts
Thursday, January 21, 2010
Hammer & Hanging Man
The Hammer is a bullish reversal pattern that forms after a decline also hammers can mark bottoms or support levels.The Hanging Man is a bearish reversal pattern that can also mark a top or resistance level.
Harami Position
A candlestick that forms within the real body of the previous candlestick is in Harami position.The shadows (high/low) of the second candlestick do not have to be contained within the first, though it's preferable if they are.
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