Showing Tag: "candle-stick" (Show all posts)

Inverted Hammer / Gravestone Doji Bullish

Posted by tushar chatterjee on Saturday, June 4, 2011, In : Technical analysis

PATTERN: Reversal

TREND: Bullish

RELIABILITY: Low / Moderate

How to Identify it :

· Small real body at the lower end of the trading range

· Upper shadow usually no more than twice as long as the real body

· No (or almost no) lower shadow

What it Means:

As the market opens below the close of the previous day, the bulls rally briefly, but not

enough to close above the previous day's close. As this leaves shorts in a losing position,

the Inverted Hammer presents the potential for an upcoming rally....

Posted by tushar chatterjee on Sunday, May 29, 2011, In : Technical analysis

PATTERN: Reversal

TREND: Bullish

RELIABILITY: Low / Moderate

How to identify it:

· Small real body at the upper end of the trading range

· Lower shadow at least twice as long as the real body

· No (or almost no) upper shadow

What it Means:

There is a sharp sell off after the market opens during a downtrend. However, by the end of

the trading day, the market closes at or near its high for the day. This signifies a weakening

of the previous bearish sentiment, especially if the real body is white (...