One of the classic candlestick charting patterns, a hammer is a reversal pattern consisting of a single candle with the appearance of a hammer. Identifying hammer candlestick patterns can help traders determine potential price reversal areas. Hammer candles are formed when the open, high and close are similar in value, but a long wick, or […]
The post What is a Hammer Candlestick Chart Pattern? appeared first on NinjaTrader Blog.