Red Hammer Candlestick: A Powerful Reversal Signal In technical analysis, one often used reversal pattern is the red hammer candlestick. It shows up near the bottom of a declining trend and suggests a possible change in market attitude from negative to positive. Unlike a regular hammer, which is usually green, a red hammer results when the closing price is somewhat less than the init... https://profithills.com/best-chart-patterns-for-profitable-trading/