Black Hammer Candlestick Pattern

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Black Hammer Candlestick Pattern	A One-Candle-Stick Pattern The bullish black hammer candlestick pattern forms after a decline of price. It indicates that bullish sentiment prevailed at the close. If next day's candle is bullish, the two offer a strong signal of a price reverse. This pattern is a moderate signal of a bullish price reversal. Requires next day bullish confirmation. more candlestick pattern resouces
RIMM(Research in Motion Ltd.) developed a black hammer candlestick pattern on Jul. 9, 2009 . RIMM's price went from $65.80 on Jul. 9, 2009 to $75.60 on Sep 30, 2009. A 10% increase.

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