Chapter 3 - Reversal Candle Patterns Flashcards

1
Q

Hammer in Japanese?

A

Ton-kachi

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2
Q

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

A

One Candlestick Line.

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3
Q

Describe the Hammer and Hanging Man ?

A

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

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4
Q

Hammer occurs in what trend?

A

Downtrend

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5
Q

Hanging Man occurs in what trend ?

A

At the TOP of a trend or during a uptrend.

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6
Q

Kubitsuri means

A

Looks like a Man hanging.

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7
Q

Describe Takuri Line ?

A

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.

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8
Q

Previous price movement helps determine ?

A
  1. Previous price movement helps to determine Only the pattern.
  2. Does not have the ability to Foresee or Anticipate Future price movement.
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9
Q

Difference between Takuri Line and Hammer Line ?

A

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.

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10
Q

Yorikuri (Belt Hold)

A

Means to push-out.

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11
Q

Belt-Hold Rules Of Recognition are:

A
  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.
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