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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out