Candlestick Patterns Hammer

This is a bullish Pattern if it occurs after a significant downtrend. If the Pattern occurs after a significant up-trend, it is called a Hanging Man. The body can be empty or filled-in.

It must be kept in mind that real body of Hammer can be white or black, but a white body hammer is more bullish.

In case of hammer it is alway good to wait next day for confirmation before trading on the basis of this pattern. The logic is that on next day prices should open above the hammer day close & should close above hammer body. That would give bullish signal & downtrend reversal.





Candlestick Chart Patterns

Candlestick Patterns Long White Candle

Candlestick Patterns Long Black Candle

Candlestick Patterns Hammer

Candlestick Patterns Piercing Pattern

Candlestick Patterns Bullish Engulfing Pattern

Candlestick Patterns Morning Star

Candlestick Patterns Bullish Doji Star

Candlestick Patterns Hanging Man

Candlestick Patterns Dark cloud cover

Candlestick Patterns Bearish Engulfing Pattern

Candlestick Patterns Evening star

Candlestick Patterns Doji Star