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Re: PENNIEStoSTACKS post# 2380

Wednesday, 03/04/2015 9:44:23 AM

Wednesday, March 04, 2015 9:44:23 AM

Post# of 2406
Inverteded hammers on tops can indicate reversal of uptrend or cpnsolidation about to take place. Not always, but if the hammer starts the day with a gap and builds a long upper wick usually means top found on that particular move up. Same holds true on downtrends. Doji or cross is a fairly nuetral candle meaning bears and bulls fought and ended up in a tie... 50/50 for indicating reversals.

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