Posted On: 10/14/2013 5:19:13 AM
Post# of 144784
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Inverted Hammer formed so if a reversal upward trend starting, if the overall trend was upward, which IMO it was, he comes a shooting star!!
" The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The Inverted Hammer looks like an upside down version of the hammer candlestick pattern, and when it appears in an uptrend is called a Shooting Star."
Inverted Hammer formed so if a reversal upward trend starting, if the overall trend was upward, which IMO it was, he comes a shooting star!!
" The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The Inverted Hammer looks like an upside down version of the hammer candlestick pattern, and when it appears in an uptrend is called a Shooting Star."
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