Hammer in candlestick pattern
Two type of Hammer candlestick
- Bullish Hammer
- Bearish Hammer
In the stock market, the Red Hammer Candlestick pattern also referred to as the bullish reversal candlestick pattern—is frequently seen at the bottom of downward trends. The red hammer candlestick pattern helps investors identify support and demand. The traders may be warned by the hammers that a downtrend might be about to reverse and that short positions might be covered once it has. Red hammer candlestick patterns, their identification, and trading tactics will all be covered in this article.
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| Hammer in candlestick pattern |
How does a Hammer candle work?
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