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Thursday, February 06, 2014 5:58:02 PM
GLCO CLOSED w/ an inverted hammer which is very bullish from here. Judging by close we were fighting .030 back to nHOD...can see .06 IMO
BULLISH INVERTED HAMMER
Definition
This pattern consists of a black body followed by an Inverted Hammer that is characterized by a long upper shadow and a small body. It is similar in shape to the Bearish Shooting Star but unlike the Shooting Star, the Inverted Hammer appears in a downtrend and signals a bullish reversal.
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