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Meaning / Definition of

Hook Reversal

Categories: Technical Analysis,

A candlestick reversal signal that is particularly strong when there has been a previous strong trend. This is actually a type of extreme Harami candlestick pattern. It has a lower high and a higher low than the previous day. The second day's open and close should also be very near the open and close of the previous day, but within the body of the candle. In an uptrend, the second day's candle should be black or filled. In a downtrend, the second day should be white.

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Definition / Meaning of

Hand

Categories: Banking,

nounthe part of the body at the end of each armUsageto shake handsto hold someone's hand when meeting to show you are pleased to meet them, or to show that an agreement has been reached ExampleThe two negotiating teams shook hands and sat down at the conference table.Usageto shake hands on a dealto shake hands to show that a deal has been agreedUsageby handusing the hands, not a machine ExampleThese shoes are made by hand.Usageto send a letter by handto ask someone to carry and deliver a letter personally, not sending it through the postUsagein handkept in reserve Examplewe have £10,000 in handUsagebalance in handcash in handcash held to pay small debts and running costsUsagework in handwork which is in progress but not finishedUsagegoods left on handunsold goods left with the retailer or manufacturer ExampleThey were left with half the stock on their hands.Usageto handhere or presentUsageI have the invoice to handI have the invoice in front of meUsageto change handsto be sold to a new owner ExampleThe shop changed hands for £100,000.Usagein witness whereof, I set my handI sign as a witness

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