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* Bullish Japanese Candlestick Patterns* No. 2
2 - Inverted Hammer Candlestick Pattern
The inverted hammer candlestick is a candle whose lower shadow is not visible, while its upper shadow is relatively large, and it is preferable for the closing price to be greater than the opening price as shown in the picture
In the inverted hammer candlestick, it is preferable for it to appear after a price decline for a period of time because if this candlestick was after a tangible upward price movement, it may not succeed, but on the contrary, it may be a bearish candlestick pattern.
