Bullish Candlestick Patterns 🕯️ (Long/Buy) That Helped Me Make Profits 🤑 and Reduce Losses 🔥💥 Part 1
1 Hammer Candle
You can distinguish the hammer candlestick by its long wick below a relatively short body, with little or no wick above. The body should be two to three times shorter than the lower wick.
This indicates that the market has made a new low during the session but rebounded and closed much higher than that. Therefore, while there was significant selling pressure, buyers intervened and took control, pushing the price up before the close.