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US stock market · candlestick pattern

Hammer on Nasdaq 100

On Nasdaq 100 the hammer showed up 22 times. The target came first 41% of the time, the stop 55%, and 5% went nowhere within 12 candles.

Counted on Nasdaq 100: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily520%80%0%
Hourly1747%47%6%

Nasdaq 100 against the rest

ChartsFoundTarget firstStop firstWent nowhere
Nasdaq 1002241%55%5%
All US stock market charts73237%59%4%
Every market11,79231%58%10%

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 Nasdaq 100

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

The hammer elsewhere

Dow Jones · S&P 500 · Alibaba · 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 Nasdaq 100?

In 22 cases on Nasdaq 100, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 55%; 5% went nowhere within 12 candles.

What is the hammer?

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