analysis of Japanese candlesticks *Hammer
The analysis of Japanese candlesticks involves working with some patterns that allow you to see not only the current situation, but also predict future fluctuations. Such models, in particular, include:
Hammer.
This candlestick pattern forms at the bottom of the market at the support level (it can break through the support level or just touch it). The emergence of such a pattern signals that the downtrend in the market is coming to an end and it is being replaced by an upward one. A distinctive feature of the hammer is a small body and a very long shadow towards the support line. Many candlestick analysis experts argue that the longer the shadow of the hammer, the higher the chances of a subsequent reversal.
* We recommend using H4, D1 timeframes when analyzing
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