#candlestick_patterns #HammerPattern

A Hammer is a type of candlestick pattern that appears at the bottom of a downtrend, characterized by a long lower wick that is at least twice the size of the body. The Hammer indicates that despite high selling pressure, the bulls were able to push the price back up to near the opening level.

A Hammer can be either red or green, but a green Hammer is often considered a stronger bullish reversal signal.