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Hammer

Candle1

The Hammer pattern is a trend reversal indicator.


Visually, this candlestick looks like a hammer with a small body of any color and a long lower shadow. There is practically no upper shadow. At the same time, the lower shadow is usually twice as long as the body.

In such a situation, open an Up trade if the price fell before this, and open a Down trade if the price rose before this.