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Candlestick pattern
reversal
Hammer
bullish
Fiabilité :
★★★★★
Small body at top, long lower wick. Bullish reversal signal after a downtrend.
In detail
The hammer appears at the bottom of a downtrend and indicates sellers pushed price down during the session, but buyers regained control and closed near the high. Lower wick must be at least 2x the body size.
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How to trade
Go long on break of hammer high. Stop below the wick. Confirmation with high volume.
#reversal
#bullish
#single-candle
#classic