Hammer Candle Stick Pattern formed after a clear downtrend.
Volume is high as confirmation. Lower Stick is twice the size of body.
Upper wick is smaller.
Enter the trade on the confirmation candle the next day
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Hammer Candle Stick Pattern formed after a clear downtrend.
Volume is high as confirmation. Lower Stick is twice the size of body.
Upper wick is smaller.
Enter the trade on the confirmation candle the next day
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Hi,
Hammer pattern colour is very important for the trend reversal indication and it should b green in colour. Volume should be high during the hammer day.