$PEPE WHAT YOU NEED TO KNOW ABOUT THE HAMMER CANDLE!

The hammer candle, also known as "hammer" in English, is a Japanese candlestick pattern that suggests a possible reversal in a bearish trend. It is characterized by a small body with a long lower wick. The lower wick must be at least twice as long as the body. The upper wick, if it exists, is small or absent.

The hammer candle indicates that, despite strong selling pressure during the session (the long lower wick), buyers managed to push the price up to the opening, suggesting a potential change in sentiment from bearish to bullish.

Key characteristics of the hammer candle:

✨Small body: Indicates that the opening and closing prices are close together.

✨Long lower wick: Represents rejection of low prices.

✨Small or absent upper wick: Skilling says.

✨Context: The hammer candle usually appears at the end of a bearish trend, suggesting a possible reversal.

Example of the meaning of the HAMMER candle:

💥If a hammer candle is observed at the end of a series of bearish candles, it could be a signal that the market is about to change direction, moving from a bearish trend to a bullish one.

🤔Important: The hammer candle is not a guaranteed reversal signal. It must be confirmed by other indicators and market analysis.

The hammer candle is a Japanese candlestick pattern that can indicate a possible bullish reversal in a bearish trend, but it must be interpreted in context and confirmed with other analyses.