Weak Hammer (Example):
The chart shows the price of Bitcoin vs. US Dollar. In 02/02/2018, as it says, buyers couldn't raise the price above the day open price, the D1 candle seems a Hammer with bearish body. So the final result wasn't clear and the next day, sellers could pullback the price. (Consider the red thick arrow)
The chart shows the price of Bitcoin vs. US Dollar. In 02/02/2018, as it says, buyers couldn't raise the price above the day open price, the D1 candle seems a Hammer with bearish body. So the final result wasn't clear and the next day, sellers could pullback the price. (Consider the red thick arrow)
Note
Price Action Lesson 1: Hammer Candlestick Pattern Definition
Note
Price Action Lesson 2: Conditions of a Perfect Hammer
Note
Price Action Lesson 3: Hammer, The first sign of the beginning Ascending wave
Note
Price Action Lesson 4: Weak hammer
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Disclaimer
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