ForecastCity

Price Action Lesson 5: Weak Hammer (Example)

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BITSTAMP:BTCUSD   比特币
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)
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Price Action Lesson 1: Hammer Candlestick Pattern Definition
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Price Action Lesson 2: Conditions of a Perfect Hammer
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Price Action Lesson 3: Hammer, The first sign of the beginning Ascending wave
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Price Action Lesson 4: Weak hammer

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