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PEH - Massive Breakout Alert!, page-485

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    I do not recall pointing any fingers.

    A hammer by definition looks like a hammer.
    The low point does not have to fit any formula or length




    DEFINITION of 'Hammer'
    A price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies later in the day to close either above or close to its opening price. This pattern forms a hammer-shaped candlestick.
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