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#ุงูู ุทุฑูุฉ
When a hammer candle appears at the bottom of a downtrend, its long wick indicates that sellers' efforts to bring the price down have failed completely, while buyers' efforts have succeeded in pushing the price up quickly before the period ends.
Thus, a hammer candlestick in the context of a downtrend indicates a possible weakness in the downtrend and the beginning of a reversal to the upside. The โnecklineโ, often defined by the high of the previous candle, is the level that the price must reach in the subsequent candle to confirm the hammer reversal signal.
$DENT $HOT $CKB
#XEC #VET #KEY
#ุงูู ุทุฑูุฉ
When a hammer candle appears at the bottom of a downtrend, its long wick indicates that sellers' efforts to bring the price down have failed completely, while buyers' efforts have succeeded in pushing the price up quickly before the period ends.
Thus, a hammer candlestick in the context of a downtrend indicates a possible weakness in the downtrend and the beginning of a reversal to the upside. The โnecklineโ, often defined by the high of the previous candle, is the level that the price must reach in the subsequent candle to confirm the hammer reversal signal.
$DENT $HOT $CKB
#XEC #VET #KEY
