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The hammer and the inverted hammer candlestick patterns are among the most popular single-candle formations. They’ve been named as such because of their visual resemblance to a hammer – a short body on one end and a long wick on another. The hammers’ description may sound similar to a Doji candle. However, while the body of a doji candle is so short that it looks like a horizontal line, both hammer and inverted hammer have slightly longer, visible bodies. Let’s see how they look ... The hammer candlestick pattern is a single-bar formation that signals a possible bullish reversal after a decline in price. It has a small body near the top of the range, little to no upper wick, and a long lower shadow that shows the market dipped significantly but was pushed back up before closing. The Hammer is a single candlestick pattern that forms during a downtrend and signals a potential trend reversal. It consists of a small real body that emerges after a significant drop in price. Discover how to trade using Hammer Candlestick Patterns. Learn about bullish, bearish, inverted, and double hammer patterns, and their importance in trading
