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Old 08-02-2007, 08:35 AM
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Re: Inverted Hammer

Candlestick patterns on the daily charts are usually good for a swing trade. I think generally the longer the time frame the more reliable the candlestick. You have to research which candlesticks give the best signal in your chosen market. In forex, for example, the 4 hour candlesticks give great singals but I haven't found any use for them in stock index futures.

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