Tuesday, August 23, 2011

hammer on big volume chart


Recognition Criteria:

1st The market is characterized by the dominant downtrend.
2nd Then we see a small real body at the upper end of the trading range. The color of this body is not important.
3rd We would like to see in the lower shadow at least twice as long as a real body.
4th There is no (or almost no) upper shadow.


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