UnknownUnicorn13086959

CANDLESTICK PATTERN: HAMMER

Éducation
BITSTAMP:BTCUSD   Bitcoin
CANDLESTICK PATTERN:

HAMMER

The hammer candles are Japanese candles in which the price is showing that, although it wants to, it cannot advance.

The hammer shaped candlestick pattern is made up of a short body with a long lower wick and is at the bottom of a downtrend.

A hammer shows that although there were selling pressures during the day, ultimately strong buying pressure caused the price to rise again. Body color can vary, but green hammers indicate a stronger bull market than red hammers.

Note that these candles can be considered a Japanese candlestick pattern in themselves (single candle pattern, obviously), as they have a great tendency to meet at the extremes. They are much more likely to be found at a turning point than in the middle of a trend.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.