Hammer

Hammer candlestick: A candlestick with a long lower shadow and small real body. The shadow should be atleast twice the length of the real body, and there should be no or very little upper shadow. The body may be either black or white, but the key is that this candlestick must occur within the context of a downtrend to be considered a hammer. The market may be "hammering" out a bottom. Hanging man is identical in appearance with Hammer. It appears within the context of an uptrend. Note that Hammer and Hanging man work to help you profit in forex trading.