Candlestick analysis

Candlestick patterns

Hammer and Shooting Star in a trend!!!

Strongest candlestick signal
Need confirmation. .follow rule strictly!!!!!

1. valid for 4 days.. if by 4th day it break hammer high.. valid
2. Volume at hammer range shud be increasing

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When hammer fail?.. Price drop below it's tail

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Price patterns

1. Bullish flag

a. Flag pole
b. Small few candles drop
C. Sell Volume drop

2 parameters for confirmation

A. White candle breakout of flag channel
B. Volume drop during drop and rise more than half intraday during breakout

***Logic - hedge fund buying. . Won't put all funds in at one time for big fund... they will put percentage money..E. G. 30 percent first time. . Then even put 20 percent to sell their stocks to push price down and force retailers to sell them..

Then buy the rest. .. Key is to average their costs

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HK market do not trade Hammer!

Hammer v good for Singapore market