Binary Signal Pattern 1

Binary Signal Pattern 1

Double Hammer

Hammer is a top reversal candlestick pattern made of only one candle. This bullish reversal candlestick is formed at the bottom or at the support level. The candle looks like a hammer because it has a long, low wick and a small body at the top of the candles with little or no upper tail. The body of the candlestick represents the opening and the closing price, while the shadow shows the high and low values of the period. A lower shadow means that the seller pushes the price down during the session. The hammer can have a green or red body. If it has a green body and forms at the bottom or at the support levels, then it is a little more bullish sign than the red body. When you see double Hammer first red and second green, then it is a great sign of a potential reversal.