With that said, after looking at various charts with different indicators I noticed something very interesting. Something knows as a 'Hammer Candle' and since our candle is green, we can confidently say that it is a candle.
Ok, we got that part, but what is a Candle?
After a decline in price, the hammer's daily low indicates that selling pressure remains. With that said, a strong close, indicates that buyers are entering this game ones again. This also signifies a reversal which needs to be confirmed by further upward trend.
Do not invest what you can't afford to lose. We are not your financial advisors.
Use this idea to make any analysis...