MSFT daily hammer candle
Daily hammer candle on Friday indicate potential temporary bottom.
Typically, a position would be open on late Friday before close to capitalize on potential second green daily candle.
Personally would only hold trade 1 day and close it on high of the day of next Monday since there's no sign of reversal on the weekly and monthly.
Or hold it till it reaches a level or MA or a closed reversal candle.
Typically, a position would be open on late Friday before close to capitalize on potential second green daily candle.
Personally would only hold trade 1 day and close it on high of the day of next Monday since there's no sign of reversal on the weekly and monthly.
Or hold it till it reaches a level or MA or a closed reversal candle.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.