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Learn Forex Trading in Chennai – Chennai Forex Trading, Forex Trading Course in Chennai, Forex Training in Chennai, Forex Institute in Chennai, Forex Signals in Chennai

Currency Trading Training MADURAI, Forex Reviews MADURAI, Best Forex Broker MADURAI, Forex Signals MADURAI, Forex Fund Management MADURAI Section II: Major Candlestick Reversal Patterns Currency Trading Training MADURAI, Forex Reviews MADURAI, Best Forex Broker MADURAI, Forex Signals MADURAI, Forex Fund Management MADURAI Hammer In the image below, the hammer pattern is represented only by the last candlestick of the illustration. Formation Hammers have small bodies and long lower shadows (or wicks). It must have little or no upper shadow. The size of the lower shadow should be at least twice as big as the size of the body. The color of the body is not important, however a hammer with a white body (hollow) is considered slightly more bullish than a hammer with a black body (filled). Hammers are formed in downtrends or downside movements. Psychology behind the Hammer and Example In a downtrend or a downside movement (where bears have control over prices), a hammer indicates that at certain point buyers took command of the market attracted by lower prices. Bull aggressive buying plus bears taking profits in their short positions reduce the bearish sentiment, signaling a possible trend reversal or correction. Following candlesticks should be used as a confirmation. Hammers are […]


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