hammer candlestick pattern summary

 

Hammer Candlestick Pattern Summary

  • English name: Hammer candlestick pattern
  • Japanese name: N/A
  • Type: Reversal candlestick pattern
  • Direction: Bullish
  • Number of candles: 1
  • Key characteristics: small body, long lower shadow
  • How to trade: Go long when prices break above the bar high

 

ed seykota

If you would like to learn more about all the different candlestick patterns, also check out: “The Definitive Guide to Candlestick Patterns”