No, not really. Though the past candle looks like a hammer it is none because of a hammer hammers out a downtrend. We are not there at moment. Nevertheless this candle is not a buying signal the more it appears above the high of the past wave on May 1st and immediately above the MA. This makes a rise more likely.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.