Candlestick Dictionary Hammer

Hammer / Umbrela

Hammer pattern is formed with its closing price values formation, is above the opening price or a value far above its low price, there is usually a long tail of under candlesticknya body and tail lengths on average 2 times longer than body candlenya.

Hammer pattern is usually formed at the base of downtrends movement is happening, this pattern reflects the decrease in the strength of sales traders who want to suppress the market prices, while traders turned to encourage the buyer to price the value of the value until the closing price on the value of the opening price or distance above the lowest price.