
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.