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Hammer A black and white candlestick that consists of a small body near the high with a little or no upper shadow and a long lower tail.Considered a bullish pattern during a downtrend.

When trading place a stop loss blow the low of the Hammer.

A hammer is a candlestick with a small body (a small range from open to close), a long wick protruding below the body, and little to no wick above. In this respect it is very similar to a dragonfly doji; the primary difference is that a dragonfly doji will have essentially no body, meaning the open and close prices are equal.