tst
Long

Hammer head reversal

FX:GER30   DAX index of German listed shares
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.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out