Market Maker Bull Hammer Weekly Template

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The following template for a bull hammer weekly candle is as follows.

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Monday goes sideways. Mark off the high and low of Monday

Tuesday is a complete down day

Wednesday and Thursday form the mid week reversal

Thursday and Friday close out the week at the highs

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Another thing I have noticed is that this type of weekly candle happened only 16 times since 2020 and 9/10 they occurred around a news event like FOMC,NFP, and CPI and/or a holiday. 4th of July happened 2 times in a row, New Years, and Easter.

I will need to back test more on the bearish side of the coin to test more data
Nota
On the weekly chart, these are the bull pin hammer candles that I have gave examples for.

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Nota
It appears that even on Bear pin hammer bars, that they occur most frequently on Major News and Holidays. Here are some examples of the last weekly bear pin hammers

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Nota
New Year's Week 2022

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Chart PatternsTrend AnalysisWave Analysis

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