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Hammer candlestick pattern

 Hammer candlestick pattern has a small body at the top with a shadow on the bottom. The shadow is at least twice as long as the small body.
Criteria
1. Found at the bottom of a downtrend.
2. The color of the body is not important (however, a blue body is slightly more bullish than a red
body).
3. There should be no upper shadow or a very small upper shadow.
4. The longer the lower shadow the more powerful the reversal signal.
5. The following candle needs to confirm the Hammer signal with a strong bullish move.
Hammer candlestick pattern
Hammer candlestick pattern
Hammer candlestick pattern
Hammer candlestick pattern

Hammer candlestick pattern Reviewed by learn forex trading on December 06, 2014 Rating: 5

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