Red hammer doji could signify that the bulls are still trying to defend the current price while the RSI on the 1HR chart is starting to turn bearish. I can't be bullish or bearish until I see some sort of confirmation at this point. Given that it's a pivot point entering a trade here without the appropriate confirmation is dangerous territory. If I had to say what i'm guessing, it would be a rejection at the current resistance.
Commentaire:
As predicted price rejected the resistance. Now after this recent trap I'm expecting the price to go up and retest the resistance once more.