๐๐ฎ๐ป๐ฑ๐น๐ฒ๐๐๐ถ๐ฐ๐ธ ๐ฃ๐ฎ๐๐๐ฒ๐ฟ๐ป
( ๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ฒ๐ฑ๐๐ฐ๐ฎ๐๐ถ๐ผ๐ป )
Hammer Candlestick Pattern
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:The hammer is a single candlestick pattern that forms at the bottom of a downtrend. It has a small body near the top and a long lower shadow, with little or no upper shadow. The color of the body can be either bullish green/white or bearish red/black, but the bullish version generally signals a stronger reversal.
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:A hammer indicates that the market is potentially reversing from a downtrend to an uptrend. Although sellers pushed the price lower during the session, buyers stepped in, driving the price back up near the opening level. This shift in momentum suggests that the selling pressure is weakening, and a bullish reversal may be on the way.
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:Hammers usually appear in downtrends and suggest a possible trend reversal from bearish to bullish. However, it is crucial to wait for confirmation in the next sessionโthis typically means looking for a candle that closes higher than the hammer's high to confirm the reversal.
