Japanese Candlestick Guide #5
Hammer Candlestick
The Hammer candlestick often appears after a decline or near a support area.
Its shape consists of a small body at the top and a long lower shadow.
This means that sellers pushed the price downward, but buyers strongly pushed it back up before the close.
The longer the lower shadow and the smaller the body, the clearer the signal. It’s best to wait for a confirming bullish candlestick afterward.
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Educational content, not financial advice.
#TechnicalAnalysis #TradingBasics #CandlestickChart
Hammer Candlestick
The Hammer candlestick often appears after a decline or near a support area.
Its shape consists of a small body at the top and a long lower shadow.
This means that sellers pushed the price downward, but buyers strongly pushed it back up before the close.
The longer the lower shadow and the smaller the body, the clearer the signal. It’s best to wait for a confirming bullish candlestick afterward.
Follow up to get all the new updates in the trading education series.
Educational content, not financial advice.
#TechnicalAnalysis #TradingBasics #CandlestickChart