Inverted Hammer Candlestick Pattern

Definition

: The InvertedHammer Candlestick Pattern is a bullish candlestick that appearsduring a downtrend, characterized by a long upper shadow and small lower body, indicatingthat buyers attempted to push the price up.

Signal

: Suggests a potential reversal of the downtrend.

Trend

: Often signals the start of a bullish reversal.