so today was pretty much a hammer

following a decline...

are we ready for a bounce?

 

a hammer?

the dow ended down 3.58% and the nasdaq down 4.34%... not at all

 

small body relative to a long tail that's ~= 2x the body height.

 

go ahead and base your idea on one bar, lets see how you do..

 

must have been a hammer because many folks got hammered today.

 

Kinda what I was thinking. Thats a massive inverted hammer on the daily. However in this environment who knows.

 

"following a decline"

 

We won't know for certain until tommorow.

We close with a big white candle that fills the gap tommorow, and the bottom is in. Of course, by that time it'll be too late to take advantage of it.