Simple candle stick pattern
Inverted hammer candle is candle stick pattern which shows a price rejection area on upper side. We can go for sell a stock with the help of inv. Hammer candle by confirmation of next bearish candle move.
Today in the morning we got the inverted hammer candle (with the last two day's double top pattern)on the steps of previous day which was telling us sharp price rejection. Next candle break the low of first candle and price moving down.
You can see how beautifully, a single candle stick pattern work today.
Today in the morning we got the inverted hammer candle (with the last two day's double top pattern)on the steps of previous day which was telling us sharp price rejection. Next candle break the low of first candle and price moving down.
You can see how beautifully, a single candle stick pattern work today.
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