Hammer and Hanging Man Signals


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Topic: Hammer and Hanging Man Signals
Presenter: Stephen Bigalow
Day/Date: Tuesday, August 20, 2019
Time: 7 PM Central (8 PM Eastern)

Hammer and Hanging Man Signals are candlesticks with long lower shadows and small real bodies. The bodies are at the top of the trading session. This pattern at the bottom of the down-trend is called a Hammer. It is hammering out a base. The Japanese word is takuri, meaning “trying to gauge the depth.”

The Hammer signal is composed of one candle. It is easily identified by the presence of a small body with a shadow at least two times greater than the body. Found at the bottom of a downtrend, this shows evidence that the bulls started to step in. The color of the small body is not important but a white candle has slightly more bullish implications than the black body. A positive day is required the following day to confirm this signal.

The Hanging Man signal produces very important attributes when analyzing a potential reversal. This signal is composed of one candle and it is easily identified by the presence of a small body with a shadow at least two times greater than the body. It is found at the top of an up-trend and the probability of making a correct trade becomes extremely high when utilizing this signal. The Japanese named this pattern the Hanging Man because it looks like a head with the feet dangling down.

During this workshop Steve will explain:

  • How to use the Hammer and Hanging Man signals in the best position in a trend
  • Where these signals work most effectively in a bottoming situation
  • How to understand the implications of these signals when they appear
  • And so much more!

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Hope to see you there!

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