The hammer
is a bullish reversal candlestick formation. It means that the price may change
direction to the upside if the pattern is confirmed. The long lower shadow with
the small real body of the candlestick is an indication that the buyers came in
strong towards the end of the trading day. If tomorrow’s candlestick is
bullish, then the formation is confirmed and most likely will try to correct to
the upside.
It could be at a good turining point.
ReplyDeleteVery useful information! Thanks.
ReplyDeleteThank you for the helpful analysis!
ReplyDeleteGreat analysis! I'll be very careful with this asset.
ReplyDeleteLet's see if the correction will happen.
ReplyDeletewell spotted.
ReplyDeleteThanks.
ReplyDeletevery useful post.
ReplyDelete