1- Normal hammers
candlesticks:
Description normal hammer: There are several different forms
of normal Hammers, for example, if we start talking about the normal Hammers
and colored in blue and for further clarification, come to these assumptions,
namely that the candle is open and the round between bulls and bears continues,
For example, if there was an open candle
on the charts in front of a technical analyst and then buyers come to purchase
in large quantities and strongly until the trading tour ended and closed the
candle with the new format at a high price or very close to the price during a
tour of the trading, in this case you can see four Japanese forms of candles,
and in which shows the body of candle colored in blue as shown in the
illustration below.
With the assumption that the time period for this open candle
has ended and closed the candle on the image above, if this group of Japanese
candles fall under the classification of Hammer candlestick.
Description Candle Hummer Blue: Candle in blue has relatively
upper short shadow, and it has lower relatively long shadow, and the body of
the candle average size, and the closing price of the candle there in the third
upper part of the length of the candle note that the length of the candle
starts from the highest price and ends at the lowest price, and more there is a
general competition between buyers and sellers, but the bullish momentum
resolved in favor of the bears round.
There are also other forms of normal Hammers, but the bodies
of the candles colored red, and can be reviewed in the following four basic
shapes as shown in the illustration below.
With the assumption that the time period for this open candle
ended and the candle closed on the picture described above, this set of
Japanese candles if they come at the end of the upward trend, they fall under
the classification of Hanging Man candlestick As if it was this group from
candlestick at the end of the downward trend, they fall under the
classification of Red Hammer candlestick.
Description of Hanging Man candlestick: Candles in red have short
upper shadow relatively, and it has lower long shadow, and the body of the
candle medium-sized or large, whereas the closing price is different among
themselves, some of which are close in the third lower part, and some close in
the upper third part and some closed in
the mid-third portion of the length of the candle note that the length of the
candle begins with the highest price and ends at the lowest price, and the
difference between them is that the hanging man candlestick comes at the end of
the upward trend, while the red Hummer candlestick comes at the end of the
downward trend.
2 - Inverted hammer
candlesticks:
There are several different forms of inverted hammer candlesticks
For further illustration, let us now go back to the default description how it
formed this candlestick, as the Open candle began under fresh attack from sellers
and turned to selling in large quantities until the trading tour ended and the
candle closed when the price level low or very close to the lowest price during
the trading round, so what forms of Japanese candles that can be seen in this
case, note that these candles shut down in the last third of the candle so the
momentum of selling is very high.
With the assumption that time period for this open candle ended
and the candle closed on the picture described above, this set of Japanese
candles if they come at the end of the upward trend, they fall under the
classification of Shooting Star But if they come at the end of the downward
trend, they fall under the classification of ("red inverted hammer ").
Description of meteor Candlestick, and inverted hammer: red Candles
have upper shadow relatively long, and it has lower relatively short shadow,
and the body of the candle medium-sized or large, whereas the closing price is
different among themselves, some of which are close in the lower third part,
and some close in the upper third part, including what part closes in the
middle third of the length of the candle note that the length of the candle
begins with the highest price and ends at the lowest price, and in general
there is a competition between buyers and sellers but the Bearish momentum resolve
the round in favor of the bulls.
There are also other forms of inverted hammers but the
bodies of the candles colored blue, and can be reviewed in the following four
basic shapes as shown in the illustration below.
With the assumption that the time period for this open candle
ended and the candle closed on the image above, this set of Japanese candlesticks
fall under the classification of Blue Inverted Hammer candlestick.
Description of Blue inverted hammer candlestick: candles in
blue have upper relatively long shadow, and they have lower relatively short
shadow, and the body of the candle medium-sized or large, As for the closing
price of the candle in the lower third part of the length of the candle note
that the length of the candle starts from the highest price and ends at the
lowest price.
Well dear, now you got useful information about the group of
charts hammers, and noticed the different sizes momentum among all types of
candles in Japanese illustrations, and now let us remind you the names of charts
hammers, before we ask you an important question:
1 – Normal hammers patterns
A – Blue Hammer candlestick
B – Hanging Man candlestick
C – Red Hammer candlestick
2 – Inverted hammers patterns
A – Shooting star
B – Red Inverted Hammers candlestick
C – Blue Inverted Hammers candlestick
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