BRVX Glossary · Hammer candlestick · Updated September 25, 2026
A hammer is a single-candle bullish reversal pattern with a small body near the top of the range and a lower wick at least twice the body's length. Appearing after a decline, it shows sellers pushed price down but buyers drove it back up by the close.
On this page
What makes it a hammer
- Context first: it only counts after a decline or a pullback.
- Shape: a lower shadow at least twice as tall as the body.
- Top: almost no upper shadow.
- Colour: a green body is a slightly stronger version.
Waiting for the next candle
A hammer is a hint, not a signal on its own. Traders usually wait for the next candle to close above the hammer's body. A hammer at a known support level, with high volume on the wick, carries more weight than one in the middle of nowhere.
Hammers that print on a Sunday on BRVX stock perpetuals deserve a second look: weekend trading is thinner, so the long shadow may reflect a few large orders rather than a broad shift in buyers. Steve Nison's 1991 book on Japanese candlesticks, which brought the hammer to Western traders, stresses the same point: the candle marks a possible floor, and the market still has to prove it.
On BRVX
On BRVX's chart, the same hammer means more on a 1-day candle than on a 1-minute one, because far more trading sits behind it. Traders who act on a confirmed hammer commonly place the stop-loss just under the lowest point of its shadow.
Questions about Hammer candlestick
Is a hammer candlestick bullish?
Yes, when it appears after a decline; the same shape after a rise is the bearish hanging man.
What does a hammer candle tell you?
Sellers pushed price down during the period but buyers recovered most of the loss by the close.
Does a hammer need confirmation?
Most traders wait for the next candle to close higher before acting.
Hammer candlestick: next steps on BRVX
Spot Hammer candlestick on GOOGL/USDT: TradingView chart, one of 41 markets, up to 60x, 0.05% a side, prices moving at weekends too.
Read next: Shooting star candlestick, Engulfing candle (bullish and bearish engulfing) and Candlestick patterns.
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