Today I write the other version of it. Watch out for the hammers and this will be how i can potentially trade it.
As in a shooting star, the hammer in the candlestick is the other opposite version of a reversal signal at the end of the “correction”. The aggressive trader will buy near the close of 1.07 yesterday and put a stop loss at 1.02. The less aggressive trader can buy this morning and use the same stop. The first target will be around 112-114, the second target will be around 116-120 and the more aggressive target will be around 122-124. Since the price has already moved up, i will also move the stop to around 106 to ride the stock.
Shooting stars again?
GLP and Osim …