Chapter 3 - Reversal Candle Patterns

Question 1

Hammer in Japanese?

Answer 1

Ton-kachi

Question 2

Both Hammer and Hanging Man are each make of how many candlestick line/s ?

Answer 2

One Candlestick Line.

Question 3

Describe the Hammer and Hanging Man ?

Answer 3

They have Long lower shadow and small real bodies that are very near the TOP of their daily trading range.

Question 4

Hammer occurs in what trend?

Answer 4

Downtrend

Question 5

Hanging Man occurs in what trend ?

Answer 5

At the TOP of a trend or during a uptrend.

Question 6

Kubitsuri means

Answer 6

Looks like a Man hanging.

Question 7

Describe Takuri Line ?

Answer 7

Has lower shadow at least 3-times the length of the body, whereas the lower shadow of a Hammer is a minimum of only twice the length of body.

Question 8

Previous price movement helps determine ?

Answer 8

1. Previous price movement helps to determine Only the pattern.
2. Does not have the ability to Foresee or Anticipate Future price movement.

Question 9

Difference between Takuri Line and Hammer Line ?

Answer 9

Takuri Line has a lower shadow at least three times of the body, whereas the lower shadow a Hammer is a minimum of only twice the length of the body.

Question 10

Yorikuri (Belt Hold)

Answer 10

Means to push-out.

Question 11

Belt-Hold Rules Of Recognition are:

Answer 11

1. Identified by lack of a shadow on one end.
2. Opens on its Low and has no Lower Shadows.
3. Bearish black Belt Hold Opens on its high and had no upper Shadows.