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Milwaukee 1 2 Hammer Drill With Case 5380 21    US $164.95

Ryobi D552H 1 2 Two Speed Hammer Drill W Case    US $59.99

Milwaukee 1 2 in Dual Torque Variable Speed Hammer Drill with Case 5378 21 NEW    US $156.98

NEW MAKITA ELECTRIC HAMMER DRILL 5 8IN W CASE HP1641K    US $115.99

Milwaukee 1 2 in Hammer Drill with Carrying Case 5380 21 NEW    US $166.98

Bosch 1 1 8 SDS Rotary Hammer Drill w Case 8Amp Recon    US $253.95

Hilti TE 70 ATC Rotary Hammer No Case USED    US $35.00

Candlestick Charting Patterns- The Hammer, The Hanging Man And The Spinning Top!

Hanging Man and the Hammer are two different candlestick patterns. The patterns are not identical. Hanging Man is considered to be bearish and the Hammer is considered to be bullish.

How to spot the Hanging Man and the Hammer? These candlestick patterns are easy to spot on the chart. When you spot a very small candle body accompanied by a pretty long wick on the bottom, it is a Hanging Man if it appears at the top of the uptrend and it is a Hammer if it appears at the bottom of the downtrend.

Now, in most of the cases, you will also find a small wick on the top of the candle body. Now suppose, you find the Hammer or the Hanging Man. What you need is to look for the confirmation the next day!

Now suppose, you think that you have spotted the Hanging Man in an uptrend. Wait for the confirmation the next day with the opening price. If the opening price on the next day is less than the previous day's close, you have a true Hanging Man. If not, then that was not a true Hanging Man.

Similarly suppose, you think that you have correctly spotted the Hammer in a downtrend. A Hammer should have a very small candle body withe a long wick at the bottom. You should confirm this with the opening price on the next day. If the opening price is higher than the closing price the previous day, you have a true Hammer. If the opening price is not higher than the closing price the last day, it is not a true Hammer!

Whenever, you trade candlestick patterns, first spot them correctly than wait for the confirmation on the following day. The best chart for these candlestick patterns is the daily chart. Once, you get the confirmation, trade these patterns. They can be highly profitable. But in case, you don't get the confirmation the next day with the price action, simply ignore the pattern as not true.

A Spinning Top is another candlestick pattern that reveals a tight battle between the bulls and the bears. Whenever, the battle between the bulls and the bears ends in a draw on a trading day, the following day, one side has to give in. When this happens an explosive move in one direction is highly likely.

How to identify a SPINNING TOP? A Spinning Top has a very small candle body in the middle with two equal wicks on the top and the bottom. This pattern appears very frequently in the daily charts and can be highly profitable if spotted correctly.

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Mr.Ahmad Hassam has done Masters from Harvard. Get this 49 page Quantum
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