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What Is Hammer Candlestick Pattern

The Hammer candlestick pattern indicates a potential trend reversal from a bearish to bullish trend. It consists of a small real body near the lowest price range of the period and a long lower shadow or wick. Confirmation of the pattern requires the next candle to close bullishly above the Hammer. The Hanging Man pattern is similar in appearance but occurs at the end of an uptrend. It suggests the trend may reverse to bearish. Confirmation is given if the following candle closes below the Hanging Man and in the sell direction. Both patterns provide signals of a potential trend change and require confirmation by the next candle's close.

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Chaitanyak Gowrisetty9
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493 views2 pages

What Is Hammer Candlestick Pattern

The Hammer candlestick pattern indicates a potential trend reversal from a bearish to bullish trend. It consists of a small real body near the lowest price range of the period and a long lower shadow or wick. Confirmation of the pattern requires the next candle to close bullishly above the Hammer. The Hanging Man pattern is similar in appearance but occurs at the end of an uptrend. It suggests the trend may reverse to bearish. Confirmation is given if the following candle closes below the Hanging Man and in the sell direction. Both patterns provide signals of a potential trend change and require confirmation by the next candle's close.

Uploaded by

Chaitanyak Gowrisetty9
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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What is Hammer candlestick pattern ?

Dear members ye candle stick bearish trend k end main appear hoti ha or eski phchan ye ha k eski
nechy se lami c wick hoti ha or choti c body hoti ha. Es lye ye dilhny main hammer jesi hoti ha. eski
body bullish ya bearish ho skti ha.laikin agr bullis body ho to string pattern mana jata ha.
Ye trend change honi ki nishani hoti ha or eski wick zahir karti ha k buyer ny market main entry li ha
jiski wja se ye candle nechy se opr gai ha or wick bnai ha.
es pattern ki confirmation ye hoti ha k es candle k bad nect candle bhi buy ki close ho or hammer se
opr close ho.

Hammer candlestick pattern sa trade lgana.


dear members hammer pattern main entry leny k lye eski confirmation lazmi ha jb hammer candle k
bad dosri candle bullish close ho to hum buy ki entry les skty hain or hmara stop loss hammer candle
k low k equal ho ga

Hanging man candlestick pattern kya he:


Dear members ye candle stick bullish trend k end main bnti ha ye b hammer jesi hoti ha choti body or
long wich jo k nechy se hoti ha.
eski body bhi bullish ya bearish ho skti ha jb k bearish body wali candle ko strong smjha jata ha.
es k bad agr nxt candle sell ki close ho or hanging man se nechy close ho to ye es pattern ki
confirmation hoti ha or es k bad market sell main jati ha.

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