🔨 The Hammer: A bullish reversal signal you can't ignore! 📈
Tired of the downtrend? Look for the hammer candle!
What is it?
Shape: A small body at the top (green or red) and a very long lower wick (at least twice the length of the body).
Meaning: The market's rejection of lower prices. Sellers pushed the price down, but buyers came in strong and pushed it back up to close near the high.
When is it effective?
When it appears at the bottom of a downtrend. It indicates a potential reversal and the beginning of buyer control.
Next step: Wait for confirmation in the next candle before making a buy decision!
Do you use the hammer candle in your trades? Share your experience!
