Hammer Candlestick Pattern — what it is and how to read it

Bullish pattern Candlestick patterns

Long lower wick and a small body at the end of a decline: sellers pushed but buyers took the day back. Confirmation: next day's close above the pattern high.

How to read it

A bullish structure is only a candidate until its trigger (neckline / breakout level) is broken. StockFortuna draws the ▲ marker only on a green candle that closes above the trigger — a description of what the chart did, not a recommendation.

BIST 100 stocks where our scan detected it (last 30 trading days, 19 Oct 2026)

Automatic detection only (alphabetical) — StockFortuna does not recommend stocks; open the chart and judge for yourself. Not investment advice.

FAQ

What is the Hammer Candlestick Pattern?

Long lower wick and a small body at the end of a decline: sellers pushed but buyers took the day back. Confirmation: next day's close above the pattern high.

Is the Hammer Candlestick Pattern bullish or bearish?

It is a bullish (upside) pattern.

When is it marked on the chart?

Only when a green candle closes above the trigger (neckline / breakout level); the ▲ marker describes what the chart did, it is not a recommendation.

Has it been backtested?

⚪ Not backtested (added 9 Sep 2026) — information on the chart only; it does not enter the buying system.

How can I see the Hammer Candlestick Pattern on a live chart?

Open StockFortuna → Markets → Chart Studio and pick it from the list; the pattern is detected automatically on real data.

Related

• Inverted Hammer
• Bullish Engulfing
• Bullish Harami
• Piercing Line
• Morning Star
• Three White Soldiers
• Bullish Marubozu
• Hanging Man
• Shooting Star
• Bearish Engulfing
• Bearish Harami
• Dark Cloud Cover

For information and education only — not investment advice.