Rick, your hammer descriptions stand out as incorrect.
The hammer is usually a bullish reversal at bottom of a downtrend, ie: rejection intraday, very long tail even better
The hanging man looks the same but is bearish IF in an uptrend.
Both are not the best to follow as strike rates 59-60% and not near best, but they are easy to spot and therefore become popular, much like the misused cup & handle pattern, amateurs love calling them (even in downtrends.)
Rick, your hammer descriptions stand out as incorrect.The hammer...
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