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On January 31st, at the Fourth Session of the 14th Heilongjiang Provincial Peoples Congress, which opened on January 31st, expanding domestic demand and promoting consumption were once again key tasks in the government work report. In 2026, Heilongjiang Province will hold over 2,000 consumption-promoting activities, including "Shopping in Heilongjiang," and distribute over 800 million yuan in government consumption vouchers. In 2025, Heilongjiang Province launched a special campaign to boost consumption, expanding the scope of the trade-in program for old consumer goods and organizing a series of consumption-promoting activities, stimulating consumption by 72.84 billion yuan. The province also stimulated potential consumption such as first-launch economy and live-streaming e-commerce, establishing 15 new internationally and domestically renowned flagship stores, and achieving a 14.7% year-on-year increase in online retail sales. The investment structure continued to optimize, with investment in high-tech manufacturing increasing by 11.5% year-on-year, and the proportion of private investment increasing by 2.2 percentage points.January 31st - To effectively curb the sources of cybercrime, rectify the cybercrime ecosystem, and enhance the publics sense of security and satisfaction with cybersecurity, the Ministry of Public Security, after thorough research and demonstration, has drafted the "Cybercrime Prevention and Control Law (Draft for Public Comment)," and is now soliciting public opinions. The deadline for feedback is March 2nd, 2026.January 31st - According to Lighthouse Pro, as of 9 PM on January 31st, the total box office for January 2026 reached 1.961 billion yuan, with "Zootopia 2" holding the top spot for the third consecutive month.On January 31, the "Implementation Plan of Beijing Economic-Technological Development Area on Further Accelerating the Construction of a City of Artificial Intelligence (2026-2027)" was released. The Implementation Plan systematically outlines the development goals for the Beijing Economic-Technological Development Areas city of artificial intelligence over the next two years, proposing to accelerate the construction of a city-level engineering experimental platform driven by data and scenarios, and to promote the application of artificial intelligence in various industries and households. The Implementation Plan specifies that by the end of 2027, the focus will be on building no fewer than 10 benchmark intelligent scenario complexes, promoting the application of 100 vertical models, constructing a number of high-quality industry datasets, gathering 1,000 core enterprises in the artificial intelligence industry chain, attracting 10,000 super individuals and independent developers, and significantly enhancing the scale and level of the core industries of the intelligent economy.On January 31st, Seth R. Freeman, Senior Managing Director of GlassRatner Consulting & Capital Group, pointed out that one of the primary tasks of Warsh, the newly nominated Federal Reserve Chair, will be rebuilding credibility in global markets. This is particularly important against the backdrop of strained relations between Trump and Powell over the past few months. Freeman also stated that Warsh is the best candidate, given his long experience in government. However, the best news is that we no longer have to deal with the uncertainty and market turmoil caused by Trumps constant pressure on the Fed Chair, which is good for everyone. Furthermore, he noted that the sharp drop in gold and the even more dramatic decline in silver indicate that the market is facing a stronger dollar and a different environment, especially for silver. Given this nomination, it would be unsurprising if metal prices do not rebound significantly. And given Warshs hawkish leanings, traders heavily invested in precious metals may face losses, especially those with unhedged or short positions. Some traders may find themselves in serious trouble next Monday, at least those who did not take a neutral stance or short precious metals.

What is a Hammer Candlestick Chart Pattern?

Ralph Graves

Jan 06, 2022 11:18

Among the traditional candle holder charting patterns, a hammer is a turnaround pattern including a solitary candle with the appearance of a hammer. Determining hammer candle holder patterns can aid traders determine possible price turnaround locations.

 

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Hammer candles are formed when the open, high and close are similar in worth, however a long wick, or shadow, shows that the price got to considerably reduced values before the candle closed. Hammer candles can appear as either red or eco-friendly candles, with the most certifying aspect being the ratio of the darkness to the body of the candle. The accepted criterion amongst technological traders is that the wick below the body of the candle be at the very least 2 times as long.

 

Hammer candles can take place on any kind of timeframe as well as are used by both short and long-term investors.

Bullish Hammer 

In the example below, a hammer candle can be found on the everyday Cisco Systems (CSCO) graph and rate begins to alter direction immediately complying with.


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Bearish Hammer (Hanging Man) 

When a hammer candle shows a bearish turnaround, it is referred to as a hanging man. In the example below, a bearish hammer candle appears in the direction of the top of an uptrend on a 5-minute IBM chart and rate relocations downward adhering to the pattern. 


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Inverted Hammer Candles

Inverted hammer candles develop when the open, low and also close of the candle are similar in value but cost reached greater values before the close of the candle. Comparable to traditional hammer candles, they can happen as both eco-friendly as well as red candle lights as well as aid to determine rate reversals.


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Bullish Inverted Hammer 

In the instance below, an inverted hammer candle is observed on the daily Natural Gas Futures graph as well as price starts to alter fad later on.


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Bearish Inverted Hammer (Shooting Star) 

When an inverted hammer candle is observed after an uptrend, it is called a shooting star. In the 5-minute Starbucks (SBUX) graph below, a bearish inverted hammer denotes a change in fad.


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Limitations of the Hammer Candlestick Pattern

While the hammer candle holder pattern can be beneficial to investors of all tools and durations, it can be undependable as a standalone evaluation tool. Confirmation with various other indicators as well as market analysis tools can help to validate or deny a profession thesis based on a hammer candle. 

Difference Between Hammer Candle & Doji

A doji is a similar sort of candle holder to a hammer candle, but where the open and close price of the bar are either the exact same or very enclose worth. These candles signify indecisiveness in a market and can signal both price reversals as well as trend continuations.

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