Now it’s your turn. At this point in the course we have set a task to reinforce what we’ve shown you. This task will require you to use your broker’s charting package to carry out the exercise.
Goal: To find and understand what hammers tell technical traders about participant psychology.
Exercise: In any index or currency, in a daily timeframe, find a valid historic hammer pattern. How did it impact the trend?
Difficulty: 2/3
Time to complete: 20 minutes
Solution….don’t press play until you’ve done your bit:
