Trading The Hammer CandleStick Pattern | Quick Tutorial

A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies within the period to close near the opening price. This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body. The body of the candlestick represents the difference between the open and closing prices, while the shadow shows the high and low prices for the period. In this video we explore this pattern and how you can trade it efficiently.

In today's video I wanted to talk about the Hammer CandleStick Pattern. One of the most popular price patterns that traders use to identify a bottom. A hammer occurs after a stock has been declining, suggesting the market is attempting to determine a bottom.

[simplecookingwithjobay]

If the hammer candle appear at the support level while using Daily timeframe, it should be confirm by using lower timeframe like 1hour and confirm by using other indicators for high chances of winning the trade. Hammer candle appear at support level is a early sign of reversal. Let me know your thoughts..

[lizo]

amazing thanks for the short quick and simple explanation!!

[MuchTub]

Hammer candle on the week is a beautiful thing

[frankverhoeven]

In the example given there is also a hammer candle two candles to the left. Is there an explanation why that one went bearish? Thanks for the info guys, very useful stuff.

[sanbetski]

For the hammer pattern is this applicable for certain time frames only? Daily, weekly, etc?

[yozy]

great visual art, explanation "F"

[johnvargas]

Does it matter if the hammer is red or green

[FrostDriveNG]

This vid uses such complicated language...