What Is Hammer
What is Hammer How Its Works
Hammer is a strong reversal signal its make in downtrend
means now downtrend is ended and now start uptrend
Its colour may be bullish or Bearish
The Hammer is a underlying part reversal candlestick design and has a tiny real body at the very top, or the true body is merely just a little lower from the most of a candlestick, and how big is the low shadow is around more than the two times size of the true body; the greater is the distance of lower shadow, the greater is the hammer candlestick structure powerful. The colour of an Hammer is not important just because a hammer shows the bullish market sentiment i.e. an extended lower shadow supplies the market information that the bulls are actually becoming better and are receiving prepared to take the business lead.
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