Ad1, About your Hammer Question, you asked me "What are your thoughts on the Hammer theory? The trend looks to be solid growth after a hammer is formed."
Identifying the hammer was a good observation on your part. Keep those ideas coming! This is just the kind of technical analysis (TA) and technical indicators (TI) we need to talk about...Since I never responded to your question about the Hammer Theory lets see what Investopedia Says...
Definition of Hammer: A price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies later in the day to close either above or close to its opening price. This pattern forms a hammer-shaped candlestick.
A hammer occurs after a security has been declining, possibly suggesting the market is attempting to determine a bottom.
The signal does not mean bullish investors have taken full control of a security, it simply indicates that the bulls are strengthening.
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Ad1, it's a pretty cool theory and fun to watch. Hopefully, by tomorrow, we can reach the new support level so we can continue the ride back up. Let's enjoy the signals while there here. When the signals disappear, we should stop, look and listen to see if there's any more bulls comen or not.
Round and Round she goes, where she stops, nobody knows.
You wanna take a guess where she's gonna stop next?
Identifying the hammer was a good observation on your part. Keep those ideas coming! This is just the kind of technical analysis (TA) and technical indicators (TI) we need to talk about...Since I never responded to your question about the Hammer Theory lets see what Investopedia Says...
Definition of Hammer: A price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies later in the day to close either above or close to its opening price. This pattern forms a hammer-shaped candlestick.
A hammer occurs after a security has been declining, possibly suggesting the market is attempting to determine a bottom.
The signal does not mean bullish investors have taken full control of a security, it simply indicates that the bulls are strengthening.
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Ad1, it's a pretty cool theory and fun to watch. Hopefully, by tomorrow, we can reach the new support level so we can continue the ride back up. Let's enjoy the signals while there here. When the signals disappear, we should stop, look and listen to see if there's any more bulls comen or not.
Round and Round she goes, where she stops, nobody knows.
You wanna take a guess where she's gonna stop next?
Beware Bull's Ready to Run - Before investing $ do your own dd. All posts are my opinion.
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