Oil has produced some clear Candle Stick Patterns lately and is again
forming a Hammer if we see a bullish candle close above yesterdays
high (the high of the Hammer). Since it also happens at the important
Yearly S1, it warns of a coming upward move, since the Hammer also
forms a Piercing Line Candle Stick with the Yearly S1 and Weekly S2
pivots (in confluence)
forming a Hammer if we see a bullish candle close above yesterdays
high (the high of the Hammer). Since it also happens at the important
Yearly S1, it warns of a coming upward move, since the Hammer also
forms a Piercing Line Candle Stick with the Yearly S1 and Weekly S2
pivots (in confluence)