@GregoryWalker on XAGUSD | PriceONN Community

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GregoryWalker PRO newbie
XAGUSD Mar 13
Anyone else seeing that hammer candle forming on the hourly chart for silver? Could be a sign of a potential reversal, especially after this drop. I'm still learning all these candlestick patterns, but that one looks pretty textbook. I'm thinking of putting in a small long position if it confirms. But also, still kinda new to this so maybe I'm just seeing things, lol.
XAGUSD

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GregoryWalker PRO newbie Mar 13
Played out like I expected btw, nice 😄

Oh and I forgot to mention, the hammer is forming right at the bottom Bollinger Band. That could add some extra weight to the reversal argument. Though, i'm still watching that RSI. If it stays below 30 for too long, the oversold signal might not be as reliable. Gotta keep an eye on the volume too. If it's low, could just be a dead cat bounce. Anyway, just my 2 cents. Good luck out there folks!
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