Hammer
Technical analysisA candle with a small body near the top and a long lower wick, appearing after a decline.
In plain terms
Sellers pushed price down and buyers took it all back. Bullish — after confirmation.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Inverted hammer
Technical analysisA candle with a small body near the bottom of its range and a long upper wick, appearing after a decline.
In plain terms
The same shape as a shooting star, read the other way because of what came before. Cautiously bullish, and worth nothing until the next candle confirms.
Hanging man
Technical analysisA candle with a small body and a long lower wick appearing after an advance — the same shape as a hammer, read bearishly because of what preceded it.
In plain terms
The clearest demonstration that context supplies all the meaning. The candle is identical to a hammer; only the preceding trend differs, and the implication inverts.