Price Action Lesson 5: Weak Hammer (Example)

11 Şub 2018

Weak Hammer (Example):
The chart shows the price of Bitcoin vs. US Dollar. In 02/02/2018, as it says, buyers couldn't raise the price above the day open price, the D1 candle seems a Hammer with bearish body. So the final result wasn't clear and the next day, sellers could pullback the price. (Consider the red thick arrow)

16 Şub 2018

Not

Price Action Lesson 1: Hammer Candlestick Pattern Definition

16 Şub 2018

Not

Price Action Lesson 2: Conditions of a Perfect Hammer

16 Şub 2018

Not

Price Action Lesson 3: Hammer, The first sign of the beginning Ascending wave

16 Şub 2018

Not

Price Action Lesson 4: Weak hammer