✍ The image illustrates a Hammer Candle model at a Support Level, which is one of the most important technical patterns in technical analysis. Here is the simplified report:

What do we see in the image?

The Hammer Candle model appears at a clear support level.

The candle is highlighted with a blue circle.

The candle has a long lower wick and a small body at the top.

After the hammer appears, the price started to rise significantly.

- What is the hammer pattern?

It is a reversal pattern that appears at the end of a downtrend.

It indicates price rejection of further decline and the beginning of a potential reversal to the upside.

It consists of:

- A small body (red or green).

- A long lower wick (2-3 times longer than the body).

- No upper wick or a very short upper wick.

- What is a support level?

- A horizontal line representing an area where the price often stops declining.

- When the price reaches this level and shows a reversal pattern (like the hammer), it increases the likelihood of the price bouncing upward.

- The significance of the image:

- The appearance of the hammer candle at a support level is considered a strong buy signal.

- Positive confirmation comes from the following candle that closed strongly upward (large green candle).

✍️ Advice for beginners:

If you see a hammer candle at support, wait for confirmation from the next candle before making a buying decision.