Hammer Candlestick: What is the Meaning of Hammer Candlestick?
The hammer candle chart has a price pattern that occurs when the security trades at a price lower than its opening price but rallies during this period to get closer to its opening price. This pattern creates a hammer-shaped chandelier with a lower shadow that is at least twice the size of the original body. The body of the candle represents the difference between the opening and closing prices, while the shadows represent the highest and lowest prices for the period.
- The hammer has a shorter real body and longer shadow.
- The hammer hit after the price went down.
- The hammer candle indicates that sellers entered the market during this period, but at the end of the trade, sales were absorbed and buyers pushed the price closer to the starting price.
- The fence can be above or below the opening, although the fence should be close to the opening to keep the body small.
- The lower shade should be the least affected.
- The hammer plug indicates a possible reversal to the positive side. The price should start rising after the hammer strike, this is known as confirmation.
Literal Meanings of Hammer Candlestick
Meanings of Hammer:
Hit or strike (something) with a hammer or something similar.
Attacking or forcibly and relentlessly criticizing
A tool with a heavy metal head mounts at right angles to the end of the handle and is used for tasks such as breaking objects and nailing.
A metal ball tied to a cable, usually 7.3 kg (16 lb) is thrown during a sporting event.
Another term for hammer
Sentences of Hammer
Heating and hammer made of iron parts
The grip pressure should be strong but not too strong, as you will handle the hammer while running the nail.
What if hockey were on the same field? They threw hammers and spears.
The discovery was made by studying the bones of the mellis, inks and stops in the ear of the super-Homo heidelbergenesis, also known as boxgroup.
Synonyms of Hammer
condemn, censure, gavel, lambast, reprimand, reprove, rebuke, beat, admonish, castigate, beetle, remonstrate with, reproach, haul over the coals, make, attack, berate, forge, mould, shape, take to task, pillory, mallet, criticize
Meanings of Candlestick:
One holder or accessory for one or more candles, or usually large and thin.
Sentences of Candlestick
Decorate your outdoor area with unusual metal sculptures, tall lanterns or various potted plants.
On a small table in the hallway he had two large, well-made brass chandeliers.
In the middle is a large black chandelier with a stub burning yellow candles.
There is no way to waste your time polishing chandeliers and chandeliers.
It offers a variety of Christmas decorations, small gifts such as picture frames and statues, silver candles, candles and non-kits trinkets.
There are two more red candles at each end of this box.
There is even a candle in a copper candle.
The eight-inch-tall, bronze-colored stolen chandelier was found in a quarter of the museum's Hart Gallery with its historic fireplace.
Everything was made of gold and marble: tables, chairs, candles, chandeliers and even outside the fireplace.
Instead of scented candles and boring candles, why not invite a friend to a candle that speaks volumes about them?
There are three candles on the table, one long and bright orange in the middle.
My own tastes tend to darker colors, simple oak artifacts, comfortable chairs, brass chandeliers, and interesting but sensational jewelry.