Fractal of March 5th Hammer reversal
Watching the close of the 21th of march with it being a very similar red hammer after a bullish uptrend - possibly making a lower high. Testing theory with a fractal of the 5th.
Upon the close of the daily the price rallied to paint a Doji marking indecision. Market traded upwards but later dropped to form what you currently are seeing.
Bottom red line is previous bottom. Top red line is important 9300 resistance level. Bearish volume and If 8700 can't hold we go to 8300 and this case may play out. Will keep updating.
Upon the close of the daily the price rallied to paint a Doji marking indecision. Market traded upwards but later dropped to form what you currently are seeing.
Bottom red line is previous bottom. Top red line is important 9300 resistance level. Bearish volume and If 8700 can't hold we go to 8300 and this case may play out. Will keep updating.
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