hammer candlestick reversal

The hammer candlestick reversal pattern is a significant bullish signal in trading, suggesting a potential trend reversal after a downtrend. Characterized by a small body near the top of the candlestick and a long lower shadow resembling a hammer. It indicates a shift in market sentiment from bearish to bullish. Traders often use the hammer pattern in conjunction with other technical indicators and price action signals to confirm potential trend changes. When identified at key support levels, the hammer candlestick reversal provides valuable insights into market dynamics and potential buying opportunities. By mastering the recognition and interpretation of hammer candlestick reversals