DislikedNB: gmt+2 4hr, daily etc candles used in the discussion below. The mthly candle closes with a bullish body, the 5th consecutively for the first time since 2009. This t/f has seen a break and clear of the multi-year descending t/line/falling wedge top and at the 4242 hi is over 590pips up since the yearly open. Starting @ the year 2020's 1410 lo the fractal prints have been LL, HL, LH, HL, and what will be a H when it forms fractally. This t/f is therefore still ranging but this may the initial stages of a new fractal uptrend. The last HL on this...Ignored
Ideal Hammer definition =it needs to close inside the last candle for a start ,50% of the thing isn't a reliable criteria.Also Location in scheme of things.
I.e theres no way you could ever call it a hammer next into that last candle.
#doyourownanalysisordietryin
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