Technical Analysis & Chart Patterns
5 terms
Hammer
Technical Analysis & Chart Patterns
qualitative
A candlestick with a small body near the top of its range and a long lower wick, appearing after a decline.
Test: Lower Wick is at least twice the Body, Upper Wick is minimal, and the candle follows a decline
Hanging Man
Technical Analysis & Chart Patterns
qualitative
A candlestick with a small body near the top of its range and a long lower wick, appearing after an advance.
Test: Lower Wick is at least twice the Body, Upper Wick is minimal, and the candle follows an advance
Harami
Technical Analysis & Chart Patterns
qualitative
A two-candle formation in which a small body sits entirely within the range of the preceding large body.
Test: current body's high and low both fall inside the previous candle's body
Head and Shoulders
Technical Analysis & Chart Patterns
qualitative
A formation of three peaks in which the middle peak is the highest and the outer two are roughly level, joined by a neckline through the intervening lows.
Neckline = line through the two lows between the peaks; conventional measured move = Head Height above Neckline, projected down from the break
Heikin-Ashi
Technical Analysis & Chart Patterns
₹
A modified candlestick chart in which each period's values are averaged with the previous period's to smooth the series.
HA Close = (Open + High + Low + Close) / 4; HA Open = (Previous HA Open + Previous HA Close) / 2