#martillo ¡Ah, el "Hammer", the signal that adds spice to your chart! Imagine a market day where the bears (sellers) are beating down the price, as if it were Monday morning and the alarm didn't ring. The red candles (bearish) keep going lower and lower, a disaster!
But suddenly, a candle appears with a small body at the top, like the head of a toy hammer! And most importantly, it has a super long "shadow" or "wick" at the bottom, as long as the list of excuses I make for not going to the gym! That long wick means that even though the bears tried to push the price much lower, the bulls (buyers) came to the rescue, bought everything they could, and pushed the price back up almost to the opening level.
What does this "Hammer" mean? It's as if the market is saying to you: "Hey, you’re not getting past here! The buyers are here and ready for battle". It’s a bullish signal, an indication that the bearish trend might be losing strength and that a change in direction upward is on the way. But be careful, don't get excited as if you've won the lottery! It’s just a signal, not a prophecy. Confirm it with others, don’t be impulsive like I am with online shopping!
