I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. ...
What Is a Hammer?
Considered a reversal formation and forms when price moves well below open, but then rallies to close near open if not higher. (inverted hammer is the mirror opposite)
Forms a candlestick with a long lower shadow (tail), and a small body with little or no wick–looks like a hammer, or mallet. (inverted hammer is the mirror opposite)
Depending on ...
Now another 2 signals appear on the market, since the third peak of convergence appeared on MACD, and the indicators are resold. In this case, the stop loss is very close. + We are on the support line and see the hammer, analyzing the candles. First target 6366
There are still two days left before this inside month breakout ends.
Here we got this nice little pullback to previous 4hr demand zone,
Also, it has a nice hourly hammer as a confirmation entry!
Kinda a worth taking long!
Let's see how it goes!
A very very important set-up that I believe stock traders over the world are talking about how to deal with this daily hammer.
For me, quite simple that it's almost a perfect combination.
Whatever the result is, this set-up definitely worth some long trades!
Breakout, pullback, intraday momentum trades, and etc...
Also I'll take this perspective into individual ...
Fine bullish hammer (pinbar) off 38 Fibonacci support. There are bullish engulfing and bullish harami patterns at previous candles as well. I expect price to shoot to the next Fib extension. Trendlines after CLOSE. MFI (14) oscillator confirms long position( turned from oversold up).
You can place this trade when the market opens. its a fine bullish crab pattern with healthy risk to reward ratio. check the main chart for immediate entry, SL and TP levels.
i will keep updating this thread regarding any scenario. stay tuned and happy trading
Silver FOREXCOM:XAGUSD dropped 10 straight weeks in a row, popped up slightly last week and is dropping so far this week.
Last week's higher close shows a hammer candle indicating a possible floor. The Bulls overpowered the Bears and drove the price higher for the week.
USLV, a 3x Bullish Silver ETF, is poised ready for a pop up with the RSI showing way ...
There's breakout of trend line but shape of candle is not so good for Bullish Market.
Let's analysis BTC~
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'A. Briefing '
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. Breakout of trend line on daily chart.
. Hammer -> inverse Hammer
. Descending Broadening Wedges