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THE HAMMER BLAST PATTERN

The inventor of this pattern is technical analyst Stefan Salomon.

The advantages of the Hammer Blast pattern

• The pattern is designed and used by a technical analyst.
• The pattern can be used for all market indices (DOW, DAX, CAC, AEX ...) and stocks.
• The pattern is clearly defined and easy to understand.
• The pattern is rare but the historic results are very attractive.

About the Hammer Blast pattern

The pattern ...

• Identifies market rebounds.
• Can be used for market indices and stocks.
• Can be used in all time frames.
• Provides only buy signals.

The Hammer Blast candlestick pattern consists of four candles. The two first candles need to be bearish candles. The third candle needs to be a Hammer candle. The fourth candle must be a bullish candle. The open of the fourth candle must be above the close of the Hammer candle. A position is bought at the market price immediately after completion of the pattern.

Hammer pattern buy signal.

This example shows a Hammer Blast pattern detected by the NanoTrader on Apple.

Hammer candlestick pattern and buy signal on Apple stock.

This example shows a Hammer Blast pattern detected by the NanoTrader on the French market index CAC 40.

Hammer pattern in NanoTrader.

The Hammer Blast candlestick pattern is also available in to NanoTrader Full as a ready-to-use screener, trading signal and trading strategy.