RFE series 2018-1 reds trust

techincal assistance

  1. 7,400 Posts.
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    holders, just looking at todays chart, was todays candle a hammer???

    normally a bullish sign after prolonged downtrend

    The Hammer is characterized by a small Real Body near the top of the price range. The Real Body can be black or white, although a white candlestick is preferable. A white candlestick is slightly more bullish since it shows that the market sold off sharply during the session and then rebounded to close slightly above the opening price level.
    The Hammer Chart pattern often suggests the bottom of a downtrend
    today was a white candlestick.

    the last time i can see a classic hammer after a long down trend was on 11/3/09, SP closed at 29c, exactly 3 months later SP closed at 94c. will need to see after tomorrows trading, hopefully not clutching at straws.
 
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