inverted hammer

What is an Inverted Hammer Candlestick?

Candlestick Charts, Candlesticks, Chart Patterns / Steve Burns

The inverted hammer pattern is a type of candlestick located at the end of downtrend and is used by technical analysts as a bullish reversal signal from the lows. The inverted hammer candle visually looks like a hammer turned upside down with its handle pointing up. It is defined as a one day bullish reversal […]

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What is a Hammer Candlestick?

Candlestick Charts / Steve Burns

A hammer is a candlestick pattern when a stock opens then moves a lot lower during the day then rallies back near the opening price. This candlestick pattern looks like a hammer with the long lower wick from the lows of the day looking like the handle and the opening and closing price body form

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