Disliked{quote} Hi 2hpriest, the 1st & 2nd candles that you marked are not Hammers by Strat's definition. The 3rd marked candle is. I, however, would've looked to get in above the candle I marked with the red rectangle with enough pips to avoid a stop hunt or going through a drawdown that might fake you out of your position. A couple weekends ago Strat gave us the homeweork to study this type of candle at support and I found it often results in price going up. {image}Ignored
I appreciate your educative response.
I have always seen the first 2 candles as possible variants of what a tradable Hammer should look like and have traded them as same.
I think Strat has emphasized the location in the chart where it is formed, especially at SR zones and at the bottom of a downtrend and vice versa for the Shooting Star. Ofcourse, always aspiring to evolve into seeing and trading beyond the candle patterns on the long run.
Thanks for pointing me to the spanning candle at SR and how trading it would have also produced rewarding outcomes.
Again your response has left me a nudge better.
Emeka
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