Hammer candlestick pattern. ・Hammer: A single candlestick with a small body near the top of its range and a long lower shadow. It appears after a downtrend and signals that despite initial ...

Candlestick ... The pattern is confirmed by a bullish candle the next day. A hanging man pattern suggests an important potential reversal lower and is the corollary to the bullish hammer formation.

Hammer Candlestick: What Is It? A key component of technical analysis, candlestick patterns give traders important information about the mood of the market. The hammer candlestick is one of the most ...