Hammer in the descending channel
The price is moving in a downward channel and is near the lower boundary of the channel and the support level.
We just formed a hammer, but it needs confirmation in the form of a green candle.
From the current price I expect a retest of the upper border of the channel.
We just formed a hammer, but it needs confirmation in the form of a green candle.
From the current price I expect a retest of the upper border of the channel.
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.