Patterns › Hammer
Candlestick patterns
Hammer
After a fall, a long lower wick shows buyers stepped in.
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 130 | 38% | 57% | 5% |
| United States | 170 | 34% | 63% | 4% |
| Japan | 82 | 43% | 52% | 5% |
| Crypto | 2,168 | 29% | 58% | 12% |
| Forex | 203 | 34% | 54% | 12% |
| Commodities | 44 | 23% | 64% | 14% |
Counted on real past charts by the Trading Class research engine, 2,797 cases in all. Past odds, not a forecast.
How to practise it
Find the hammer. Then decide: buy, sell, or wait? In the app, 36 real examples of the hammer wait for you across 6 markets, and you say what happened next before the chart shows you.
Lesson: The hammer.
Related
Doji · Spinning top · Bullish marubozu · Bearish marubozu · Hanging man · Inverted hammer · Shooting star · Dragonfly doji