🚀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.
