Chloe_jackson_athlete
Sun Feb 09 2025
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5 answers
1310
What is the psychology behind the hammer candlestick?
The hammer candlestick reflects a specific price pattern in the financial market, characterized by a significant price drop followed by a strong rally. Its psychology lies in investors' reaction to market movements, indicating a potential price reversal after a period of decline. This pattern often signals a shift in market sentiment, where sellers initially drive prices down, but buyers later step in to push prices back up, reflecting a possible change in market trend.
