JSE:BLU - Daily Hammer

!!Counter Trend

• Hammer on the recent 520 pullback
  
• Limit ~465
  

Trade attivo:

Rejected off 430 support.
Breaking 430 will trigger an exit as the next level of support is below soft stop at 390

Commento:

Today the price broke the 430 support but by the close of tradee the price had re-traced and ended in another hammer.

This is a great example of resisting taking actions intra-day. Wait for the candle to complete it's daily move.

Support is back at 450.

Trade chiuso: stop raggiunto:

Trade fell apart.
Gamblers call to hold at this point.