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Inverted Hammer Candlestick
1. What is candlestick ? A candle (or candlestick) in the stock market is a visual way to show how a stock’s price moved during a specific time period. What a single candle shows Each candlestick gives you 4 important prices: Structure of a candlestick A candle has 2 main parts: 2.What is inverted hammer. 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. 3. Characteristics of an Inverted Hammer Candlestick Interpretation: 4. Psychology behind inverted hammer Phase 1: Fear Dominates (Opening) Phase 2:…
