Join our Telegram channel (9000+ subscribers) for daily market analysis & trading tips: t.me/synapsetrading
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
P.S. If you're looking for the best trading opportunities every day across various markets, and don't want to spend hours doing the research yourself, check out our private Telegram channel!
P.P.S. If you're looking for a reputable brokerage that covers all products (SG stocks, US stocks, global stocks, bonds, ETFs, REITs, forex, futures, crypto) and has one of the lowest commissions, this is what I currently use.
Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.