The Inverted Hammer and Its Reliability in Currency Charts
While the hammer and inverted hammer are conventionally treated as bullish, nonetheless contrarian traders will sometimes use them as bearish flags.
Topic
Hammers
The Bearish Shooting Star
In major currency pairs, the shooting star is shown to be reliable at predicting the immediate period ahead, but it is less reliable in…
Hammer Candlestick Patterns and How to Recognize Them
A hammer is one of the more important reversal patterns. It is treated as a bullish reversal, but only when it appears under certain…
The “Hanging Man” Candlestick Pattern Explained
The hanging man is Japanese candlestick pattern that appears in uptrends. It can in some circumstances be a sign that a trend is about…
What is a Doji Reversal Pattern?
The doji is a special type of candlestick pattern that can signal a changing market. We can use this pattern to try to understand…
Trading the Hammer Candlestick – Price Action Strategies
Because of their properties hammer candles are a useful trading signal in two situations: Trend reversals and retrace scalping.