The Inverted Hammer candlestick pattern is a bullish reversal pattern that typically forms at the bottom of a downtrend, indicating a potential reversal in trend. It resembles the Hammer pattern but with the shadows reversed. Characteristics of an Inverted Hammer Candlestick Interpretation: Example if you see the above chart shows that the market began the day by gapping down. “Prices increased until encountering resistance and supply at the daily high. Support Levels: The Inverted Hammer occurs near significant support levels on the price chart. These levels act as barriers where buyers are more likely to emerge and defend against further downward movement. Note:- Please avoid trading based solely on candlestick patterns.…