Feb 03

The Inverted Hammer - A Short-Term Candlestick Trend-Stopper

Posted in Technical Analysis

Episode 38 - The Inverted Hammer

Download the slides for “The Inverted Hammer”

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One Response to “The Inverted Hammer - A Short-Term Candlestick Trend-Stopper”

  1. Robert Says: February 24th, 2010 at 4:35 pm

    Confirmation means the next period price is higher, i.e. candle is green or white. Further confirmation is achieved if inverted hammer is at a support level and accompanied by higher volume. Support level in this case can be a 20, 50 or 200 SMA; horizontal support from previous stock prices or a trend line.

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