After a long bearish trend, the hammer appears as a bullish reversal pattern. It features a short lower shadow and a small body.
Start looking for more clues that indicate the likely reversal when you see the inverted hammer candlestick formation. You can 'purchase' an uptrend to trade it (go long). You can'sell' if you believe the indication isn't strong enough and the downturn will continue (go short).
The hammer candlestick appears at the bottom of a downtrend and indicates a possible (bullish) market reversal. A hammer is a candlestick pattern that occurs when a stock opens lower than expected, then rallies back to near the starting price.
The hammer pattern is considered one of the most dependable indications in candlestick charting, especially when it appears after a long downturn and in an area where a security's price support is well established.
A bullish indicator is still a red Hammer candlestick pattern. The bulls were still able to stave off the bears, but they were unable to return the price to its opening level.
Learner's Ratings
4.5
Overall Rating
76%
7%
12%
0%
5%
Reviews
S
Sumit Chaudhary
5
Easy to understand the charts 📉
S
Sujeet Vishnu Chavan
5
Wow✌️
S
SUBHASH KUMAR YADAV
5
It's amazing course. 👏 thank you 😊
M
MD ARMAN ANSARI
5
Please give a course on option training and mutual fund
S
Sitesh Marndi
5
superb guidance but i feel that more assignments for students will help them to engaged.
S
Sitesh Marndi
5
superb guidance but i feel that more assignments for students will help them to engaged.
T
Trishubh Saini
5
please give a course on option training
U
Uttam Sahu
5
0ption trending par class do sir
H
Harshit pandey
5
Plz sir option treding course la do 🙏
Plz sir option treding course la do 🙏
Plz sir option treding course la do 🙏
Plz sir option treding course la do 🙏
Plz sir option treding course la do 🙏
Plz sir option treding course la do 🙏
Share a personalized message with your friends.