Hi all,
I started learning about Hammer concept, I have doubt.
from the above quote... I don't understand this sentence.
Please advise.
I started learning about Hammer concept, I have doubt.
Hammer is a one candle pattern that occurs in a downtrend when bulls make a start to
step into the rally. It is so named because it hammers out the bottom. The lower shadow of
hammer is minimum of twice the length of body. Although, the color of the body is not of
much signifi cance but a white candle shows slightly more bullish implications than the black
body. A positive day i.e. a white candle is required the next day to confi rm this signal.
step into the rally. It is so named because it hammers out the bottom. The lower shadow of
hammer is minimum of twice the length of body. Although, the color of the body is not of
much signifi cance but a white candle shows slightly more bullish implications than the black
body. A positive day i.e. a white candle is required the next day to confi rm this signal.
from the above quote... I don't understand this sentence.
A positive day i.e. a white candle is required the next day to confi rm this signal.