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Hammer

Hit Rate:

60 %

Candle Count:

1 Candle

Outlook:

Bullish Reversal

About the Pattern:

  • the candle has a small body

  • the wick at the bottom must be big compared to the body

  • at the top, it should have no wick, or be very small

  • the color of the body doesn’t matter

Outlook:

  • the end of a downtrend and start of an uptrend

  • the end of a pullback, resuming an uptrend

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