Science, asked by anjudewasi1, 5 months ago

hammer paper meaning

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Answered by akshatnashine0212

Answer:

7.1 – Paper Umbrella

The hanging man pattern is bearish, and the hammer pattern is relatively bullish. A paper umbrella is characterized by a long lower shadow with a small upper body. If the paper umbrella appears at the bottom end of a downward rally, it is called the 'Hammer'.

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