medium · Volume Price Analysis climactic
What is the primary risk of acting on a single hammer candle during a Buying Climax?
- Hammer candles printed on high volume are actually reliable bearish reversal signals.
- The candle in question might actually turn out to be a shooting star pattern in disguise.
- The momentum of the decline may carry the price lower before the insiders are finished.
- The volume figure itself might be entirely 'fake' or unreliable if it is exchange-reported data.
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