Hammer

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Hammer

In candlestick charts, the representation of a trading day where a security trades significantly below its opening price for most of the day, but closes either above or close to the opening price. It is called a hammer because the candlestick representing the trading day looks somewhat like a hammer. It is not necessarily a bullish indicator, but a hammer may mean that the market is nearing a bottom.
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References in periodicals archive ?
Throughout the nearly 150 years of its existence, it's been common knowledge to keep an empty chamber under the hammer whenever the revolver is loaded.
That's why so many old-timers knew to leave an empty chamber under the hammer. That workaround was useful for quality revolvers, but some of the "cheapies" did not have positive at-rest cylinder locking to keep the empty one under the hammer.
The draw bar remains under the hammer until the trigger is released, allowing it to go back to its ready position.