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US stock market · candlestick pattern

Hammer on Alibaba

On Alibaba the hammer showed up 30 times. The target came first 33% of the time, the stop 63%, and 3% went nowhere within 12 candles.

Counted on Alibaba: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1331%69%0%
Hourly1735%59%6%

Alibaba against the rest

ChartsFoundTarget firstStop firstWent nowhere
Alibaba3033%63%3%
All US stock market charts73237%59%4%
Every market11,79231%58%10%

Year by year

YearFoundTarget firstStop first
2021367%33%
2025633%67%
20261030%60%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the hammer is

After a fall, a long lower wick shows buyers stepped in.

Drop a ball on the floor and it bounces back up. A hammer candle is like that: price fell a lot during the candle, then buyers bounced it back up near where it started. The long tail below shows how far it dropped before the bounce.

The full hammer lesson, video and quiz ›

Other patterns on Alibaba

Inside bar · Gap up · Gap down · Stochastic bullish cross · Stochastic bearish cross · Spinning top · MACD bullish cross · Doji · MACD bearish cross · RSI overbought drop · all of them

The hammer elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Tesla · Broadcom · Oracle · Microsoft · Meta · Intel · Boeing · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the hammer work on Alibaba?

In 30 cases on Alibaba, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 63%; 3% went nowhere within 12 candles.

What is the hammer?

After a fall, a long lower wick shows buyers stepped in.