The Candlestick “Hammer” is a bullish Reversal pattern.  On November 27, 2009, a classic “Hammer” pattern emerged in the Dollar/Yen pair.  We promptly issued a notice to our Subscribers, wherein we predicted a substantial rise in the Dollar.

The proof is in the pudding.  Or is it “in the eating?”

The attached chart shows the result.  As of this writing, the Dollar has advanced from its low of 84.80 on November 27 to 90.53, a rise of 6.75%.  The “Hammer” Candlestick Reversal Pattern was the tipoff.

William Kurtz

CandleWave, LLC

December 4, 2009

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