Educational Post
Hammer candle stick pattern is important pattern shows counter attack of bulls.
This pattern has significance when price is near crucial support or near long term moving average.
Hammer shows that bears are unable to beat the bulls and not able to make close in bulls territory.
Bulls also shows their presence when price enters in their...
The hammer candlestick is a bullish trading pattern which may indicate that a stock has reached its bottom, and is positioned for trend reversal. Specifically, it indicates that sellers entered the market, pushing the price down, but were later outnumbered by buyers who drove the asset price up.
