Today we have an appointment with Japanese candles, one of the most important trading tools Specifically in technical analysis.

We will talk about reversal candles, specifically the hammer candle. The hammer candle is one of the most important and strongest reversal candles.

The candle comes in a downtrend and reflects the movement from decline to rise.

The best places for candles to appear?

The best places to rely on models are support areas and demand areas Followed by pivot and Fibonacci levels.

Types of candles:

There are two types of these candles First, the hammer candle, which consists of a small upper body and a long lower tail.

Second, the inverted hammer, which consists of a small lower body and a long upper tail.

Note: Hammer candles can be called pin bar candles Also, the higher the volume, the more reliable it is.