Additionally a ‘Hammer’ candle pattern is discovered. The chart forms ‘Hammer’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.119400000 |
2nd High | 1.093000000 |
Next High | 1.082400000 |
Current Price | 1.058300000 |
Next Low | 1.056500000 |
2nd Low | 0.945000000 |
3rd Low | 0.924500000 |