#Education Post The #Hammer candlestick pattern is formed of | Money king

#Education Post

The #Hammer candlestick pattern is formed of a short body with a long lower wick, and is found at the bottom of a #downward trend.
A hammer shows that although there were selling pressures during the day, ultimately a strong buying pressure drove the price back up. The colour of the body can vary, but green hammers indicate a stronger #bull market than red hammers.