Hammer Candle‘s long lower shadow & close at or near the high of session conveys the message to the Trader that Market was sold off during the session, in short it was Bulls who was much stronger during the session

Important Proporties of Hammer Candle

1)The real body is at the upper end of the Trading Range,
2)Color ot the boday is not important,
3)It should have long lower shadow,it should be atleast twice of the real body,
4)It should have no or very short upper Shadow
5)Hammer is a Bottom reversal signal
6)Longer shadow or wick plays very important role