A hammer by definition looks like a hammer.
The low point does not have to fit any formula or length
DEFINITION of 'Hammer'
A price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies later in the day to close either above or close to its opening price. This pattern forms a hammer-shaped candlestick.
EVS Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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