• Forex
  • Investments
  • Loyalty program
  • Promotions and contests
  • Analysis
  • Getting started
  • About us

Hammer

The Hammer is a figure of technical analysis which is formed in a downward trend and outlines an inversion of the market trend. The pattern is comprised of one long candle, formed as a result of a price rebound from the bottom, in addition to a short body. When a hammer which is a bull inversion pattern forms, it is not recommended to open long positions immediately; it is better to wait for further data which confirms the change in the price’s direction.

Share:

There's a better website for you

A new exciting website with services that better suit your location has recently launched!

Sign up here to collect your 30% Welcome Bonus.