#TradingTypes101 Hammer šØ
Downtrend? Meet the bounce.
A hammer candle with a long lower wick means sellers tried to nuke the market⦠but buyers said: āNot today.ā
š Often followed by a reversal.
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2. Inverted Hammer ā«
Looks upside down, but flips your bag upright.
After a brutal dump, this candle signals the bulls are warming up.
š Wait for confirmation ā then blast off.
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3. Bullish Engulfing š
Tiny red candle followed by a CHAD green candle that devours it.
Thatās dominance. Thatās reversal. Thatās long it or regret it.
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