Post by account_disabled on Mar 9, 2024 21:38:27 GMT -6
In this article we are going to talk about a world famous candlestick analysis pattern, the hammer. In Japanese it is called "takuri" which literally means "test the depth of the water" or "try to measure the depth." The hammer is a classic figure of price reversal in the base, which warns traders that the quotes reach the "bottom" in the market and that the upward movement begins. Today we will learn how to detect this figure on the charts and predict its price dynamics based on them. By studying this material, you will improve your candle analysis skills and be able to use them in trading.
In this article we will analyze: What is the hammer Mexico Mobile Number List candle? Features of the hammer sail Hammer candle in technical analysis How to trade with the hammer candle? Bullish hammer Bearish hammer Inverted hammer candle Bullish Inverted Hammer Bearish Inverted Hammer Examples of use of the hammer candle Restrictions on the use of the hammer candle Hammer and doji candles In conclusion Frequently asked questions about trading with the hammer candle What is the hammer candle? The hammer candle is a candlestick pattern that has a small body with a long bottom wick.
The hammer candle forms at the base after a downward trend. The appearance of a hammer candle on the chart suggests the beginning of a new bullish rally in a particular instrument. Since this is a classic figure, it can be found both in the financial forex market and in the stock, cryptocurrency and commodity markets. LiteFinance: What is a Hammer Candle Pattern? | LiteFinance Features of the hammer sail The hammer pattern appears on the chart when prices fall and is a stop pattern that signals that quotes entered the buyers' zone and bullish sentiment was activated in the market.