🛑 Learning of the Day
A Hammer Candlestick is a bullish reversal pattern that appears on charts, indicating a potential trend reversal. It's characterized by:
1. A small body at the top
2. A long lower wick (at least twice the size of the body)
This pattern suggests buyers are gaining control, potentially leading to a price increase. Traders often look for Hammer patterns as a buy signal.
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