YatırımMasasıYatırım Masası homeTechnical analysisTurkish: Hammer (Çekiç)
What is Hammer?
A reversal candlestick with a small body and a long lower shadow that forms at the end of a downtrend.
ExampleThe hammer candle that formed at the support zone pointed to a rise.The figures in the example illustrate the concept; they are not current market data.
Related terms
DojiA candlestick pattern in which the open and close are almost equal, signalling indecision.Engulfing PatternA candlestick pattern that fully engulfs the previous candle's body and gives a strong reversal signal.CandlestickA chart representation that shows the open, close, high and low prices for a given period.Fibonacci RetracementA tool used to identify possible support and resistance at the 23.6%, 38.2%, 50% and 61.8% levels.
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Frequently asked questions
What is Hammer?
A reversal candlestick with a small body and a long lower shadow that forms at the end of a downtrend.
What is Hammer called in Turkish?
In Turkish financial reporting and news, Hammer is called Hammer (Çekiç).
Which concepts are related to Hammer?
The concepts most often mentioned together with Hammer are Doji, Engulfing Pattern and Candlestick.
More terms in Technical analysis
Alligator IndicatorAverage True RangeBollinger BandsBreakoutConsolidationDouble BottomElliott WaveExponential Moving AverageHead and ShouldersIchimoku CloudMomentumMoving Average (MA)Moving Average Convergence DivergenceOn-Balance VolumePivot PointRelative Strength IndexResistance LevelSideways MarketStochastic OscillatorSupport LevelTechnical CorrectionTrendVolume