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Post# of 74729
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Fonzy35

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Fonzy35

Re: Mango post# 35467

Thursday, 05/31/2012 7:15:19 PM

Thursday, May 31, 2012 7:15:19 PM

Post# of 74729
ASYI's Inverted Hammer...

"The Inverted Hammer looks exactly like a Shooting Star, but forms after a decline or downtrend. Inverted Hammers represent a potential trend reversal or support levels. After a decline, the long upper shadow indicates buying pressure during the session. However, the bulls were not able to sustain this buying pressure and prices closed well off of their highs to create the long upper shadow. Because of this failure, bullish confirmation is required before action. An Inverted Hammer followed by a gap up or long white candlestick with heavy volume could act as bullish confirmation."

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks

imo

Warren Buffet: "The stock market is simply the transfer of wealth from the impatient to the patient"

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