Inverted Hammer

The inverted hammer candlestick pattern is a single candle pattern that is typically formed following a downtrend. The inverted hammer is reminiscent of the hammer candlestick pattern, but with an upside-down appearance.

The long upper shadow of the inverted hammer candlestick represents the bullish buying pressure that emerged during the session, pushing the price back up towards the opening level. This reversal signal suggests that the selling pressure may have been exhausted, and the market could be poised for a potential trend reversal or a bullish continuation.

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