Cryptocurrency Q&A
Is a hammer bullish or bearish?
Is a hammer bullish or bearish?
LightWaveMystic
Sat Feb 08 2025
|
5
answers
1359
I'm trying to figure out if a hammer, in the context of financial markets, is considered bullish or bearish. I'm looking for a clear indication of its market sentiment.
5 answers
EthereumEmpress
Mon Feb 10 2025
This particular pattern suggests a potential change in the market trend.
Was this helpful?
240
59
Valentino
Mon Feb 10 2025
It forms when a stock experiences a significant decline but then closes NEAR its opening price.
Was this helpful?
342
80
Andrea
Mon Feb 10 2025
The lower wick of the candlestick, which is longer than the upper wick, represents the price action during the trading session.
Was this helpful?
225
63
Nicola
Mon Feb 10 2025
The small real body at the top of the candlestick indicates that sellers were unable to push the price lower, possibly signaling the end of a downtrend.
Was this helpful?
171
59
CryptoBaroness
Mon Feb 10 2025
The hammer candlestick pattern is recognized in technical analysis as a significant indicator.
Was this helpful?
381
50
