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Hammer candlestick on Higher Time Frames (1w,1m) essentially helps a lot getting stocks whichcan have potential of reversal for upside. Hammer candlestick is formed for both bullish and bearish views there's just a little difference between them. I shall attach a example of both.
Also kindly provide (number of candlestick to track option) according to mine strategy or analysis a chart having two bullish hammer sticks formed can do potentially very well.
If any further info required related to this, Do tell me!
Thanks in advance for helping out so much.
The text was updated successfully, but these errors were encountered:
@mukundg920 -
Can we provide some data in support of the candlestick pattern and its success percentage for the last month or so? Can you use some backtesting tools to find out the outcomes before we invest time into this?
https://www.investopedia.com/terms/h/hammer.asp
Hammer candlestick on Higher Time Frames (1w,1m) essentially helps a lot getting stocks whichcan have potential of reversal for upside. Hammer candlestick is formed for both bullish and bearish views there's just a little difference between them. I shall attach a example of both.
Also kindly provide (number of candlestick to track option) according to mine strategy or analysis a chart having two bullish hammer sticks formed can do potentially very well.
If any further info required related to this, Do tell me!
Thanks in advance for helping out so much.
The text was updated successfully, but these errors were encountered: