Watching for the formation of a Hammer at the close of the day. I had an order to enter the market long at the ATR low seeing as it was in confluence with the 0.382 fib and my daily level, but I was too focused on UJ to notice that this was a considerable distance away from the fib and Daily level. Entry on the Fib would have brought me in.
Comment:
If it prints successfully, I'm anticipating a rally, and then I'm looking for a retest of the Hammer's trigger point (high).
Comment:
Would not call that a Hammer as the tail is less than 2/3 the range of the entire candle and the candle range is doesn't look like it's equal to the last 20 days range. Will watch hourly for levels to trade.