Reversal Metal Candle Patterns and Their Confirmation: Hammer Metals Candle Pattern & Hanging Man Metals Candlestick Pattern

Hammer Bullish Metal Candlestick Patterns

Reversal candle patterns occur after an extended prior trend. Therefore, for a candlestick pattern to qualify as a reversal metals pattern there must be a prior trend.

These reversal candle patterns are:

1. Hammer Metals Candle Pattern & Hanging Man Metal Candlestick Pattern
2. Inverted Hammer Metals Candle Pattern and Shooting Star Metal Candlestick Pattern
3. Piercing Line Metals Candle Pattern & Dark Cloud Cover Metal Candlestick Pattern
4. Morning Star Candlesticks and Evening Star Candlesticks
5. Engulfing Metals Candlesticks Patterns

Hammer Metal Candle Pattern & Hanging Man Metal Trading Candle

Hammer Metals Candle Pattern & Hanging Man Metal Candle Pattern look alike but hammer is bullish reversal metals trading pattern and hanging man is a bearish reversal metals trading pattern.

Hammer Metals Candle Pattern & Hanging Man Metal Candlestick Pattern

Hammer Candlestick

Hammer is a potentially bullish pattern which forms during a metals downward metal trend. It is named so because the metal market is hammering out a market bottoms.

A hammer has:

• A small body
• The body is at the top
• The lower shadow is 2 or 3 times length of real body.
• Has no upper shadow or very small upper shadow if present.
• The color of the body isn't important

Hammer Candle

Technical Analysis of Hammer Metal Trading Candlesticks Pattern

The buy metals trading signal is confirmed when a candlestick closes above the opening metals price of the candle on the left side of the hammer candle pattern.

Stop orders should be placed a few pips just below the low of the hammer candlestick.

Hanging Man Candlestick

This metals trading pattern is a potentially bearish reversal metals trading signal that forms during a metals upward metal trend. It's named so because it resembles a man hanging on a noose up high.

A hanging man candlestick has:

• A small body
• The body is at the top
• The lower shadow is 2 or 3 times length of real body.
• Has no upper shadow or very small upper shadow if present.
• The color of the body isn't important

Hanging Man Candle

Technical Analysis of Hanging Man Metal Trading Candles

The sell metals trading signal is confirmed when a bearish candle closes below the open of the candlestick on left-side of this hanging man candlestick pattern.

Stop orders should be placed a few pips just above the high of the hanging man candlestick.