Fact checked by Stella Osoba Candlestick charts are a cornerstone in technical analysis and perhaps one of the earliest forms ...
The hammer is a bullish reversal candlestick pattern characterized by a small body near the top, a long lower wick, and little to no upper shadow. It signals a shift from selling to buying pressure.
Candlestick patterns are a critical tool in technical analysis, offering valuable insights into the psychology of the market and allowing traders to make better decisions.
Silver rebounded from early losses, forming a bullish hammer. A break above $33.90 could signal strength toward $34.08 and higher resistance at $34.44 and $34.60.
The ongoing tariff war has made the metal sector highly volatile. Between October 2024 and January 2025, the Nifty Metal ...