Valentina
Tue Feb 11 2025
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7 answers
1250
What is the hammer candle rule?
The hammer candlestick rule refers to a price pattern in candlestick charting where a security trades significantly lower than its opening but rallies to close NEAR the opening price, forming a hammer-shaped candlestick. This pattern typically occurs after a price decline and indicates a potential price reversal to the upside.
