Latest 4 hour candle also closes as bullish reversal hammer

Great sign as the last 4hr candle closed as a bullish reversal candle...giving us back to back bullish reversal momentum after the candle before it had closed as a red bullish reversal hammer...with that you can see the current 4 hr candle heading back up to test the green channel trendline again. 3 hours until the 1day candle closes but as of now if it closes it would close green which signals that we are going to continue our ascent.

تعليق:

Somehow the double reversal candles did not hold and this 4 hour candle appears to be finishing as a bearish engulfing candle....if this happens that makes the day candle close as a bearish shooting star...that's your signal to go short. The reversal candlesticks didn't have their usual impact this time around. but we can still get out and short to minimize damage and also jump back in at a more favorable price when the retracement is finally over.