Hammer is a reversal pattern when found in a
downtrend. The hammer is a bullish reversal pattern in candlestick
chart. The Hammer is a strong reversal signal that a bearish trend is weakening.
Identification of Hammer Candlestick
The long lower shadow
The real body is at the upper end of the trading range.
Little or no upper shadow.
The long lower shadow signal that sellers
pushed prices lower but the buyers were able to overcome this selling pressure.
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