Unlocking the Power of the Hammer Candlestick Pattern

In this video, we delve into the hammer candlestick pattern, a key indicator of potential bullish reversals after a downtrend. Discover its distinct appearance resembling a hammer, featuring a long lower shadow and a small body at the top. Learn how this pattern signifies a shift in market sentiment as buyers show strength and optimism after pushing the price up from a lower level. Find out how to effectively identify and interpret the hammer pattern, especially when it forms near support levels following a downtrend.

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Contents

0:00 Introduction
0:04 What is Hammer Candlestick Pattern
0:33 Hammer Pattern Scanner in Streak
0:56 Conclusion

Scanner Link - https://bit.ly/3ODFjtc

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