IFTA Certified Financial Technician Level I (CFTe I)

What is a 'Hammer' candlestick pattern and what does it signal?

A long upper shadow at a market high signaling continuation A candle with a long lower shadow and small body near the top of its range, appearing at a low and signaling bullish reversal Two consecutive down candles at support A wide-body candle with no shadows

Correct Answer:

A candle with a long lower shadow and small body near the top of its range, appearing at a low and signaling bullish reversal

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