Nihab Also, here is a hammer / hanging man on a 4 week chart for apple. I know you dont follow stocks, however maybe you could comment on this candle because it appears in the middle of my chart, and i dont know what to call it.. There was a move upward..but then a sharp decline, so I'm a bit lost.
Hi Cash, I think that's a data error your looking at. If its not...that's not a Hammer line pattern I trade nor is it one of the Hammer patterns I'm discussing in this thread. Mark (a.k.a. NihabaAshi) Japanese Candlestick term
Hi Romik, Yes...along with the Index (SPX.X) and ETF (SPY) also having Bullish White Hammer patterns. The most important thing is understanding the price action that produced those Bullish White Hammer patterns. 1030am est EIA Petroleum Status Report Eminis were in a little trouble until that key market event. By the way...take a close look at the 15min chart of CME EuroFX EC and you'll see a Bullish Dark Hammer pattern...the same one I've been discussing via this thread. Mark
I'll let you re-annotate and then repost it so that you can tell me When I return from lunch I'll take a look at it. Mark
I think Mark wants you to put your own PT's on the chart so he can take a look at what you think the PT's should be...
NihabaAshi i was wondering how long the shadow has to be when you are trading this pattern and I think you have to have 2-5 bars down before you get in????.....................what indicators do you use with this chart?? Thanks