SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Ask DrBob
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TraderMERL who wrote (4938)9/15/2000 11:04:52 PM
From: FLACK  Read Replies (2) of 100058
 
sorenkg re: inverted hammer
"DrBob a question on candlesticks
If you look at TERN daily you will find a short body
with a looong head and small tail, "inverted hammer"
so to speak
Does that signal a bottom?

I'm no DrBob, but in brief an Inverted Hammer is a
bullish reversal signal WITH CONFIRMATION THE NEXT SESSION.
The confirmation day must be a white candle with a higher close or a higher opening.

TERN saw a small inverted hammer reversal on July 10 and 11
and another small reversal on August 2 and 3rd.
Today with high volume it could not hold even half its gains - bumped off its 20 ema and fell back hard
and that doesn't look good short term.
In June and July you can see where its 50-day MA acted as support
but now its 20 ema is acting as resistance and it's
still printing below its 10 ema.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News