Dislikednot sure, but Steve Nison (the father of candlestick charting) says that if the 'pin bar' or 'hammer' candle has made a lower close than the previous candle, and is the latest in a downwards progression as this one is, then its reversal implications are questionable.Ignored
Y'day, I wrote in reply to Manize that tomorrow (Tuesday) will be an up day. But inspite of it having moved up - today's PA had me baffled - couldn't buy for Swing - I trade a bit long term. And sure enough, it has come back to its beginnings ! I think CBs playing tricks ! And Nison.. Read his books.... great.