5 Powerful Bullish Candlestick Patterns

Hammer is a bullish reversal candlestick pattern that occurs at the bottom of a downtrend. This bullish candlestick pattern is formed when the open and low prices are almost the same. This pattern should consist of a lower shadow which is twice as long as the real body. When identifying this pattern when should remember that the prior trend is a downtrend. This pattern is formed when the real body is small along with a long lower shadow which shows that bears were trying to push down the prices
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