marsoybeans

A “Hammer” is a candlestick pattern formed after a down move. It shows a lack of acceptance of lower prices.The third day of December showed a Hammer bottom after a downmove. This was also a “spring” off the early November lows. A long position could be taken on a break above the Hammerʼs high price with a stop loss below its low.

Lundy@StaffordTrading.com

Advertisements