Forex Trading

Hammer Candlestick Definition, Formation, & Interpretation

Dogra backtested candlestick patterns on the NSE Nifty 50 stocks over a 10-year period. Their results showed the Hammer performed the best as a bullish reversal pattern with a win rate of 63%. Marcko also identified an approximate 60% success rate for Hammer signals. So, across different asset types and time periods, the Hammer has …

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