RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: An What you're doing is speculating on what someone else is doing based on a lack of evidence as opposed to making a decision based on evidence.
OK ... got that.
As for the books ... please do get me the authors ... I own more than a few books used in teaching technical analysis including a few called "technical analysis" and other books that aren't used. I'm not doing it to fact check you. I believe what you're talking about is called a "hammer" and not a "hammerhead" a "hammerhead" is a shark ... a "hammer head" is the real body of a "hammer" candle pattern but is not a pattern in itself.
But, in case I am wrong, I want to see this pattern that I don't know about and look into it. I don't mean offense, I'm trying to learn something new. I have no idea if you know how to trade a stock or not ... I'm not implying you don't ... no need to get defensive.
But give me a break ... and now I mean offense. I can't take anything you say seriously if you throw out volume as an itty bitty thing. Proper volume is more important than a candle pattern and is certainly needed to confirm a proper pattern. Regardless of the stock. Otherwise you're speculating and gambling on a hunch and making things up to see what you want to see. (read: confirmation bias).
I am no longer going to comment on this ... however, feel free to say and degrade anything I've said without fear of rebuttal.
I await the authors of those books so I can learn this "hammerhead pattern" you speak of. Who knows, maybe I'll like it and think it useful.