Get started
ForecastCity

Price Action Lesson 5: Weak Hammer (Example)

Education
Bitcoin (BITSTAMP:BTCUSD)  
ForecastCity Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Harmonic Patterns Technical Indicators trend trendfollowing candlestickpattern Hammer hammercandle priceaction
62
12
trendanalysis harmonicpatterns indicator trend trendfollowing candlestickpattern hammer hammercandle priceaction
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)
Comment:
Price Action Lesson 1: Hammer Candlestick Pattern Definition
Hammer Candlestick Pattern Definition
Comment:
Price Action Lesson 2: Conditions of a Perfect Hammer
Price Action Lesson 2: Conditions of a Perfect Hammer
Comment:
Price Action Lesson 3: Hammer, The first sign of the beginning Ascending wave
Price Action Lesson 3: Hammer, The first sign of beginning ...
Comment:
Price Action Lesson 4: Weak hammer
Price Action Lesson 4: Weak hammer
High Accurate AI-Generated forecasts for:
🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas

✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007

FREE Telegram 👉 t.me/forecastcity_com

Related Ideas

ForecastCity
Price Action Lesson 4: Weak hammer
ForecastCity
Price Action Lesson 3: Hammer, The first sign of beginning ...
ForecastCity
Price Action Lesson 2: Conditions of a Perfect Hammer
ForecastCity
Hammer Candlestick Pattern Definition
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.