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Hammer

A Japanese candlestick pattern signalling a possible bullish reversal. This pattern is formed by a single candlestick. When a hammer is formed at the end of a downtrend, it signals a possible reversal to the upside. A hammer is formed when sellers push prices down, only to be conquered by a strong bullish move. Hence the long lower wick should be 2-3 times longer than the body of the candlestick. The color of the body is not important.

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