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Hammer or Hanging Man?
Alright this setup has always gotten me a little confused, the candle makes the shape of a hammer directly after - lets call it a spinning bottom. The direction of the market for the week has been down except for yesterday where we saw some volatility. Today it looks like we might end up with a hammer candle.
Would you play this as a hammer since it's at the bottom of the short term trend? Or a hanging man because the previous price action was up?
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