Has anyone ever seen a strong bounce from a Hammer formation that had weak volume?I have never seen one. What we need is a captiluation hammer in strong volume and that will signal a reversal pattern.We did not get that this time, so expect to see this market retrace last weeks lows, then break through them the next week after that
Like I said, I have never seen a hammer formation that had a reversal on weak volume as we had on last friday.Kudos to those that caught it, to those that didn't you better start learning to read charts
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believe you are right, but for now I'm long 1-4 days.
I think we see a bounce to 1069 level. Then down to the 1010 lows
Based on pre market looks as if it could blow thru that one, where's the next resistance point?TIA
One problem the market is going to open above the 1069 resistance. Then what.