For
the most
part, daily
candlestick
reversal
patterns
are quite
subjective
with the
exception
of the "long-legged
shadows'
Doji"
and the
"hangman
and hammer"
which are
more commonly
used and
provide
more significance
to the trader
Yo-Sen
(single white
candle)
Reliability
Rating: Very
Low
The
easiest type
of signal
is the single
white candlestick
(yo-sen).
The longer
the body (jittai)
the more bullish
is the candle.
The
Hammer
Reliability
Rating: low/moderate
The
Hammer, consists
of a small
body (either
color) with
a very long
lower shadow.
This pattern
is typically
found at the
top or bottoms
of trends.
When the pattern
occurs at
the top of
a up trend
it is called
a hangman
(when it is
found at the
bottom of
a down trend
it is called
a hammer).
The
hammer
can be
either
a black
or a white
candle.
Historical and current end-of-day data provided by Interactive Data Corp. and subject to terms of use.
Dow Jones Industrial Average is copyright Dow Jones & Company, Inc.
