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US stock market · candlestick pattern

Hammer on Amazon

On Amazon the hammer showed up 32 times. The target came first 38% of the time, the stop 56%, and 6% went nowhere within 12 candles.

Counted on Amazon: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1331%62%8%
Hourly1942%53%5%

Amazon against the rest

ChartsFoundTarget firstStop firstWent nowhere
Amazon3238%56%6%
All US stock market charts73237%59%4%
Every market11,79231%58%10%

Year by year

YearFoundTarget firstStop first
2018333%67%
20251547%47%
2026633%67%

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 Amazon

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Gap up · Gap down · MACD bearish cross · EMA 9/21 bullish cross · MACD bullish cross · all of them

The hammer elsewhere

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

Questions

How often does the hammer work on Amazon?

In 32 cases on Amazon, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 56%; 6% went nowhere within 12 candles.

What is the hammer?

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