I was referring to @maxinger chart. He posted chart of "Tractor Supply Company" (TSCO) while @Stocker posted a chart of "TESCO" (TSCO.L) that trades on FTSE. I have to admit that I also first looked at TESCO myself I fully agree with everything that @maxinger wrote, and I share Maxinger’s view that "Tractor Supply Company" (TSCO) is in a range, etc. Regarding your view on the candle being a hammer (providing we’re discussing the same bar), for my personal taste, the Close on that bar didn’t indicate enough buying pressure. It closed at 66% of its range, something that would be OK on a narrow range bar (with high volume) to indicated squatting. On a candlestick chart the lower wick looks long, but on plain HLC chart the Close doesn’t look that convincing to me. Having said that, "Tractor Supply Company" has high RS vs the SPX and is holding up well.
Putting symbol in brackets, as in how we in the USA do it (tsco.L) might have been better, but the approx. price 375.00 gave it away to me.
Personally, I wouldn't think that's a hammer pattern at all. Hammer usually should have a very long wick below the candle to show a huge sell-off being reversed by a large effort which would display a candlestick pattern that looks like a hammer indicating a possible reversal of trend. In this case, the wick below the candle is not long enough so the reversal effort was not very large and prominent i.e. an absolute low has not been tested yet. And the hammer by itself is not a strong indication of a bullish trend. It needs to be confirmed by a subsequent candle which has to close way above the hammer at least more than half-way into the candle before the hammer and that is usually a stronger indication of a possible beginning of a bullish trend. Then again everything is perfect from hindsight. Candlestick patterns are accurate 30% of the time I was told.