Hammer head reversal

FX:GER30   DAX Index
37 0 1
shown on the chart is a 23% 84 day break out with a flag pattern pull back. The pull back is trading at the 84day period and pulled back 14%. This tells me that the break out is valid and the pull back is weak leading to an assumption of there being less buyers rather than more sellers. A hammer head candle is a reversal type indication shown the buyers may be stepping up again. I''ll look for long entry and confirmation on the Monday open. Price pushing above this weeks high will likely lead to a break out off the flag so it's a chance to get in at a better price.
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