The hanging man and hammer (Single Candlestick Patterns). It is the same as mine but they are totally different in meaning depending upon past price action.
The Hammer is a Bullish Reversal Pattern and Hanging Main is a Bearish Reversal Patterns . Hammer forms during down trends and Hanging Man forms during a up trend.
Hammer Candle Criteria
No upper shadow or Small shadow and long lower shadow is equal to two or three times of real body. The Color of Real Body is not Important and the real body close at the upper or trading range.
Hanging Man Candle Criteria
Hanging Man Criteria Same As Hammer Candle .No upper shadow or Small shadow and long lower shadow is equal to two or three times of real body. The Color of Real Body is not Important and the real body close at the upper or trading range.
Recommended Reading :-
Thanks for sharing this.
ReplyDeleteWelcome Amir Sohail Mere New Forex Post Ka Wait Karain
DeletePlease share more like that. skins monkey
ReplyDelete