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Tagged: Hammer, Hanging man
Hammer: it is an indication of trend reversal leading to bullish trend (trend to buy the stock)
Hanger:It is an indication of trend reversal towards bearish trend(trend to sell the stock)
Hammer is a strength of buyers it a bullish hanging man is negative way its bearish.
buy the price limit was go up theire previous body means to buy the share in hammer.
sell the price goes previos body to sell.
Strength of a bullish trend is Hammer & Strength of bearish trend is Hanging man. Both colors need to be diff.
Its a very strong and significant trend reversal indicator.
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Strength of a bullish trend is Hammer & Strength of bearish trend is Hanging man. Both colors need to be diff.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Its a very strong and significant trend reversal indicator.</p>
hammer is a type of candle stick pattern which shows the reversal of the trend.
It is popular since we can excect twice the return form the investment, mostly for weekly traders
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