How to trade HAMMER?
Trend: Bearish or consolidation
Information: Indicates a possible price reverse
Timeframe: From 1D
Shape: Looks like a hammer
Candles: The figure has a long shadow on the bottom and a small or no shadow on top
Shadow: The longer the lower shadow, the more bullish the candle can be considered
Bullish and bearish hammer: The bearish hammer is not as strong as the bullish one
Additional confirmation: If the price of the next candle closes above the high price of the hammer, this confirms upward price reverse