An introduction to Hook Reversal Pattern

There are different types of candlestick patterns in the technical analysis of the stock. With the help of these candlestick patterns, the traders and technical analysts understand the nature of the market and the movements of the stock prices and thus are capable of generating accurate tips. One of the commonly discussed patterns is Hook Reversal Pattern. This pattern is formed and determined by the traders in the case of higher low and lower high when it is compared by the candlestick of previous day. The pattern formed is exceptional as there is difference in the size of first and second body of the bar. Money Classic Research is one of the leading advisory firms, which use candlestick chart to predict the trend of the market.

 

 

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