Below observations are made before going long
1) Hammer candle suggest trend reversal..
2) Upside candles are more strong as compared to red candles..
3) Upside candles having more volume than avg volume..
4)Price respecting lows with avg volume and could not break lows..
5) No sign of heavy selling volume..
So follow Entry and SL according to chart data..
For educational pupose..
1) Hammer candle suggest trend reversal..
2) Upside candles are more strong as compared to red candles..
3) Upside candles having more volume than avg volume..
4)Price respecting lows with avg volume and could not break lows..
5) No sign of heavy selling volume..
So follow Entry and SL according to chart data..
For educational pupose..