Charts That Make You Go Hmmmm (Pt.3) -"The Monthly Hammer Setup"
Updated
I don't believe I need to explain candlestick patterns here, but I don't often visit the monthly chart and believe this could be easily missed by many.
I can count on one hand the number of times I see a monthly hammer in the last 15 years. It's 4 for 4 so far.
I can count on one hand the number of times I see a monthly hammer in the last 15 years. It's 4 for 4 so far.
Note
Weekly Hammer as well.
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.