easy · Volume Price Analysis validation
A hammer candle at the bottom of a trend is validated by high volume.
When this same shape appears at the top of a bullish trend, what is it called and what is its meaning?
- Bullish Pin Bar; it confirms that the uptrend is now accelerating higher.
- Shooting Star; it signals strength as buyers successfully defended the low.
- Hanging Man; it signals weakness as selling pressure has appeared for the first time.
- An Upthrust; it indicates insiders are clearing out short sellers from the market.
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