Definition:
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The bullish Hammer candlestick pattern is significant is happening at the bottom of a trend or during a downtrend and it is called the hammer, because that is hammering the bottom. The bullish Hammer candlestick pattern is a unique scheme and it has a strong resemblance to the bullish Dragonfly Doji pattern. In the case of bullish Dragonfly Doji example, opening and closing prices are identical whereas the bullish Hammer model has a small real body at the upper end of the trading range.
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