Assuming hammer forms low of downtrend, set buy order above its high, stop-loss below its low.
If hammer forms high of uptrend, its really a hanging man, set buy order above its high, stop-loss below its low.
If hammer not at high of an uptrend or low of a downtrend, ignore it, neither it nor the spinning tops say you must trade this.
- I don’t trade intra-day, its too difficult
- I’m not convinced I would ever again trust candlestick patterns like these