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1 (ii)
Bullish Candlestick & Bearish Candlestick
Stock Market

Hammer or Bullish pin bar

✤ Type

Bullish Reversal

✤ Appearance:

Small real body near the top of the range.

Long lower shadow (at least twice the body size).

Little to no upper shadow.

✤ Meaning:

Found at the bottom of a downtrend, it indicates strong buying interest after sellers initially pushed prices lower.

✤ Confirmation:

A bullish candle afterward confirms the reversal.