Hammer Candlestick Pattern
Definition
: The Hammer Candlestick Pattern appears during a downtrend and features asmall body at the top with a long lower shadow and little or no upper shadow, resembling ahammer. It suggests that although selling pressure was present, buyers managed to drivethe prices back up.
Signal
: Indicates a potential bullish reversal.
Trend
: Typically signals the end of a downtrend