🚀Trading strategy🚀

NO: 03

Type: Inverted Hammer #bullish

DOWNTREND: The inverted hammer candlestick pattern is typically found in a downtrend,

SMALL REAL BOYD: The inverted hammer has a small real body, which means the open and close prices are close to each other.

Long Upper Shadow: The inverted hammer pattern is characterized by a long upper shadow, also known as the tail or the wick.

Little or No Lower Shadow: The lower shadow, if present, is usually small or nonexistent.

Previous Trend: The inverted hammer candlestick should appear after a sustained downward price movement or downtrend.

Confirmation: While the inverted hammer pattern itself is a bullish signal, it's important to wait for confirmation in the subsequent price action.

Volume: Similar to the hanging man pattern, while not a strict rule.

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