Bullish hammer pattern
A hammer is a candlestick pattern appearing at the bottom of a downtrend that signals a potential bullish reversal.
Key Features:
* Structure: Features a long lower wick at least twice the length of its body.
* Market Behavior: Indicates that buyers successfully countered strong selling pressure by pushing the price back up toward the opening level.
* Color: Can be red or green, though a green hammer represents a stronger bullish signal.