This pattern indicates that the market could be on the verge of reversing and moving downward. Double candlestick patterns ...

The hammer is a bullish reversal candlestick pattern characterized by a small ... buyers stepped into reverse the decline, pushing the closing price up to near the opening price.

These could include candlestick patterns—e.g., a hammer ... it does not mean the trend will reverse. The pattern requires confirmation through additional price action analysis.