I see this latest Monthly candle as being a good sign of new Bullish sentiment coming into a Support/Technical area. I would be going long above the high of the Monthly Pin Bar but my entry would be on a lower time frame. Would be good to see the price of Oil above 80 towards 90
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jangseohee
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it does look like a Monthly hammer! though we shall wait for 31 Aug to confirm
the opening price of the daily, weekly and monthly relative to this hammer would be a gauge of bull strength, however, i do see some retracement first in smaller tF before it goes up again and target will be first subjected to how price react at the blue downtrend line
the opening price of the daily, weekly and monthly relative to this hammer would be a gauge of bull strength, however, i do see some retracement first in smaller tF before it goes up again and target will be first subjected to how price react at the blue downtrend line