Disliked{quote} Look at the candle below, price has moved down but is. now moving up to make this hammer type candle - which is most likely to happen next, price makes new high or price makes new low? IMG_2002.PNG;2142625 {image}Ignored
Hmmm, let me do some ACTUAL calculations....
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I would say that based on the analysis of over 2000 daily bars for each of these 5 heavily traded pairs, you have roughly a 50% probability of price moving up or down after the occurrence of a High Hammer Up bar (BTW, the same is also true after the occurrence of a low hammer bar)...so... what's your point?
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