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Unlocking Profitable Opportunities with Hammer Candlestick Pattern
- Location: India
The Hammer Candlestick is a powerful reversal pattern that signals a potential bullish shift in the market. It forms when prices drop significantly during the trading session but recover to close near the opening price, creating a small body and a long lower shadow. This indicates that sellers pushed prices down, but buyers regained control, suggesting a market reversal. Many trading apps now feature tools to help traders identify this pattern, allowing them to time entries better and maximize profits by capitalizing on the upward momentum that often follows.
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