A  bullish hammer is a candlestick , that when found at the bottom  of a series of red candlesticks, signals a possible reversal to the upside.
In contrary, a bearish hammer is a candlestick that when found at the top of a series of green candlesticks, signals a possible reversal to the downside.

IMI shows a bullish candlestick . Note that a hammer needs confirmation the next day. It only shows the possible reversal of sentiment.

Enter at your own risk.
EOD August 25, 2016imi 2

Learn more about candlesticks.

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