♦️WHAT IS HAMMER CANDLESTICK PATTERN?
🔸A Hammer is a bullish candlestick pattern seen in technical analysis.It is formed when the price opens, declines significantly during the trading session and then rallies to close near or above the opening price.
🔸The pattern resembles a hammer with a small body near the top of the candlestick and a long lower shadow.
🔸The hammer suggests a potential reversal of a downtrend , indicating that buyers may be stepping in and gaining control .
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