hammer pattern calculation

Explanation:

The main direction of the market is bearish, characterized by downtrend. Then the market opens with a sharp sell off which means the continuation of the downtrend. However, prices turned up sharply, sales declined and quickly bullish mood continues throughout the day with a closing price at or near its high for the day which causes the long lower shadow. Obviously the market fails to continue in the sales side. This observation reduces the previous bearish sentiment caused by short traders to feel more uneasier with bearish positions.

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high wave chart meaning

Recognition Criteria:

1st The real body of the lamp is small. Its color does not matter.
2nd Either upper or lower shadow, or both shadows are long.
Explanation:

High wave as long legged doji indicates that there is a great amount of indecision in the market. This model is formed when prices trade above and / or below the opening price of the day, but then the price closes near the same level as the opening price. This means that the end result is not different from the initial open despite all the excitement and volatility during the day. The mean loss of sense of direction and that there is a great amount of indecision in the market. A group of high wave candlesticks signal a possible change in the market.


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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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high wave candlestick formation

HIGH WAVE
Type: Reversal
Relevance: indecision
Prior Trend: N / A
Strength: Medium
Verify: Required
Number of arrows: 1

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hammer chart

Bullish hammer
Type: Reversal
Relevance: bullish
Prior Trend: bearish
Reliability: Low
Certificate: Definitely required
Number of arrows: 1

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high wave doji

As important as the doji should not take action alone doji. Always wait for the next beacon to trading stocks. It does not necessarily mean, however, will have to wait the entire next day. A gap down the doji that culminated in a permanent uptrend should normally ensure safe shorting opportunity. The best time to enter a short trade will be early in the day after the doji.


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long-shade doji

In assessing the doji, always careful about where information is going to doji. If you test security is still in early stages of the uptrend or downtrend, then it is likely that the doji will mark the top. If you notice a short term bullish moving average crossover as four days moving average heading over nine days, then it is likely that the doji indicates a pause, not the top. Similarly, if a doji occurs in the middle of the band Bollinger, then it is likely to signify a pause rather than a reversal of this trend.


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