Inverted Hammer Candlestick Pattern: How to Spot It and Trade It Like a Pro
10 months ago
1
technical analysis
candlestick pattern
trading
invertedhammer candlestick pattern
Forex trading
stock trading
crypto trading
The inverted hammer candlestick pattern is a bullish reversal pattern that can be used to trade the financial markets. It is formed when the price opens at a low, then rises, but closes near the opening price. The long upper wick of the inverted hammer indicates that there was selling pressure, but the bulls were able to overcome it and close the candle near the opening price.
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