Cliche candle patterns can be mis-spdcified.
In some cases if a market can probe the Limit Order Book deeply it can mean quite the opposite to what is wriiten...so hammer-like formations can signify further downside and weakness over several bars.
So just use limits and dont get sucked in on the upside.
In some cases if a market can probe the Limit Order Book deeply it can mean quite the opposite to what is wriiten...so hammer-like formations can signify further downside and weakness over several bars.
So just use limits and dont get sucked in on the upside.
