4-Hammer Candle (Reversal)

It is a price candle with a short body and a long lower shadow, and the body of the candle should be two to three times smaller than the length of the lower shadow.

The hammer candle appears at the end of a downtrend and is a signal to reverse the trend to the upside, indicating that selling pressure has ended by recording a low, allowing buying pressure to increase, pushing the price higher to close at a level far from the recorded low. It is preferable to wait for confirmation of the price movement reversal to the upside after the hammer candle..