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Thank you for your meticulous reply wrbtrader and for looking at the example charts I posted. I am completing more research and backtesting with regards to possible future implementation of these hammers into the trend trading strategy and existing framework I use.

This morning I was searching through the price action on EUR/AUD again for some nice examples of Dark Bullish Hammers, I dropped down to the lower timeframes for these patterns attached.

Thank you very much wrbtrader for this very detailed and deeply interesting thread, I have been reading through since the weekend, I was searching online and came across this thread by accident, my first post on the forum and I am very glad that I did find this thread and may I say I very much...