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ForecastCity
2018年2月11日中午12點14分

Price Action Lesson 5: Weak Hammer (Example) 教育

Bitcoin / U.S. dollarBitstamp

描述

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
評論
EspressoDopio
Your education posts are a good idea. Thanks for sharing.
ForecastCity
@EspressoDopio, My pleasure :)
arvincash88
thank you for the education, i like reading ideas like this. But can you explain more about what you mean in the chart?
ForecastCity
@arvincash88, Thanks for the feedback, the chart shows price in 30 Minutes interval, the open, low and close price of the day is highlighted which forms a Daily candle like a Hammer, but since the body is bearish and the market is not clear totally, we can't guess the next day because it is a weak Hammer.
The idea is related to prior ideas, so you need to read them step by step.
arvincash88
@ForecastCity, oh okay i found the whole lesson in lesson 4, i thought you only posting this. thanks
stampe
Much appreciated. Thanks
ForecastCity
@stampe, My pleasure :)
DocWonmug
Hello, this is a good tutorial, thanks for writing them. I have two questions.

First, you mention "ATR-264" Sure, ATR=Average True Range. But do you mean ATR "minus" "two hundred sixty four"? As in a calculation of the size of the candle?

And second, you mention a D1 candle. What is D1?

Best regards
moejettah
Great analysis.
ForecastCity
@moejettah, Thanks for feedback.
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