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
Hammer – HCL Tech – 15th Dec 2014
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