Hammers

Hammer

- bullish reversal candlestick pattern --> appears at bottom of downward trend

- small white candle with long lower wick: 

- during the day, bears have been controlling the trading and have pushed the price down. 

- at the end of the day, bulls had enough strength to close at the high. 

 

- long wick must be at least twice as long as the body of the candle.

 

 

Hammer

Inverted Hammer

- bullish reversal candlestick pattern --> appears at bottom downward trend 

- small white candle with long upper wick. 

- long wick must be at least twice as long as the body of the candle.

- little or no lower wick. 

- trading has been controlled by the bulls during the day. 

- end of the day, bears have pushed down the price. 

- closing price still higher than opening price though. 

As a trader, you usually should wait for a higher open on the next trading day to confirm the bullish signal. 

 

Invertedhammer

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