Then a ‘Hammer’ candle pattern is existing. The candles show ‘Hammer’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.121000000 |
2nd High | 0.940300000 |
Next High | 0.928100000 |
Current Price | 0.890000000 |
Next Low | 0.850700000 |
2nd Low | 0.770000000 |
3rd Low | 0.765500000 |