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Hammer Candle Stick Chart Pattern
Written at - 25th November 2012
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Hammer Candle Stick Chart Pattern
Effects of Hammer The Hammer indicates that the last downtrend is about to end and also might reverse with an uptrend or move sideways. This excellent pattern is an sign of the financial instrument’s SHORT-TERM view. Story The Hammer is characterized by a small Real Body near the top of the price range. The Real Body can be black or white, although a white candlestick is preferable. A white candlestick is slightly more bullish since it shows that the market sold off sharply during the session and then rebounded to close slightly above the opening price level. The Hammer has a long Lower Shadow and an Upper Shadow that is very small or nonexistent.

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