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Igor

Hook Reversal Definition

By Igor, in Trading Dictionary

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Igor    10

Igor
Posted

It is identified when a candlestick has a lower high and a higher low than the previous day. The hook reversal resembles the harami with the exception that the distance between the open and close prices of the two candles is smaller than what is seen in a harami. The outcomes are the same: occurring at the end of a trend, the hook is a reversal pattern.

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