A candlestick chart pattern that occurs when a security had been declining in previous sessions, and then temporarily trades high throughout the day's session, but by the end of the day the market realized it could not support that level of trading and returned to a low level, closing below the its opening price. When charted, the inverted hammer appears identical to the shooting star pattern.
Related information about inverted hammer:
- Inverted hammer - Wikipedia, the free encyclopedia
The Inverted Hammer is a type of bullish reversal pattern. As its name implies, the Inverted Hammer looks like an upside down version of the hammer ...
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Direction: Bullish • Type: Reversal • Reliability: Weak • Day-one is a red day, continuing an established trend and closing at the lower trading range near the ...
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An Inverted Hammer indicates that the prior downtrend is about to end and may reverse to an uptrend or move sideways.
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Long Shadow Reversals. Hammer and Hanging Man. Inverted Hammer and Shooting Star. Blending Candlesticks. Charts with Current CandleStick Patterns ...
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Inverted Hammer is a bullish candlesticks chart formation at the bottom of downtrends. Similar to the Shooting Star candlesticks formation.
- Inverted Hammer - YouTube
Jun 14, 2012 ... http://stephenbigalow.com/blog/inverted-hammer/ Inverted Hammer The Inverted Hammer produces very important attributes when analyzing a ...