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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?


To: Esteban who wrote (1016)12/21/1997 3:58:00 PM
From: John Gault  Read Replies (3) | Respond to of 1589
 
To All, I have recently been reading about candlesticks and have a chart I would like to get some advice on.
The symbol is FPFG.
Here is the day chart.
iqc.com

looks like a hammer confirmed by fridays 15% gain BUT....
all the run-up on friday was the within the first three hours(change to 60min chart) then flat. Is this a reversal pattern or simply confirmation of the downward trend?
The heavy volume in the last two days would make it appear like a reversal pattern but the light volume and flat price in the last five hours of friday make it look like confirmation. Contradicting charts?
suggestions anyone?