List of Candlestick Patterns you can use for trading in stock market
Hello friends one more use full Subject for you List of Candlestick Patterns you can use for trading in stock market Definitions and Identification of Candles: 1) The hammer and hanging man can be recognized by three criteria: The real body is at the upper end of the trading range. The color of the real body is not important. A long lower shadow should be twice the height of the real body It should have no, or a very short, upper shadow. The longer the lower shadow, the shorter the upper shadow and the smaller the real body the more meaningful the bullish hammer or bearish hanging man. Although the real body of the hammer or hanging man can be white or black, it is slightly more bullish if the real body of the hammer is white Wait for bearish confirmation with the hanging man. It is not a reversal signal yet. Hanging Man type of price action only shows that the market starts to sell off, it has become vulnerable to a fast break. Bearish confirmation for hanging man is gap down nex