Hammer on 30min.
look at the volumes, half of the previous bearish bar. The hammer negates itself if current bar makes a new low for the day.
SL where they are....
MJ-
Right on all of the above,MJ.......but at this stage,observations.......a hammer on the 30,decreasing vols on the 15 in the dntrend,.....hmmm,looking increasingly like longs.......is it time to reverse?Not yet,.......the action is not above that 30min hammer.Once you get all timeframes in line,and the 60 has a hammer,....now that requires action.
For now,it's more SOH and wait-n-watch.....
Saint