What is inverted hammer candle? Back to list

Member SinceJul 08, 2021

Posts 155

Kihn

Oct 06, 2021 a 13:24
A candlestick pattern seen frequently at the end of a downturn when buyers are pushing up the price of an asset is an inverted hammer candlestick pattern. Named after its appearance in real life as an inverted hammer. Its bottom shadow is extremely small and its upper shadow is more than twice its actual size. The chart shows a bullish reversal pattern, with a prolonged upper wick indicating that bullish traders are aiming to push prices upward. It should not be confused with the bearish shooting star pattern that occurs at the end of an uptrend, nor with the hanging man pattern. The inverted hammer pattern is only a leading indicator of a potential price shift, not a recommendation to buy a specific commodity.

Member SinceJul 12, 2021

Posts 136

Fiba

Oct 08, 2021 a 06:35
Inverted Hammer candles are a bearish indicator that usually suggests that the market is going to go down. This pattern can be best seen when you see a hammer at the bottom of the candlestick and it completely engulfs the wick. The pattern signifies indecision in the market and it may signal a short-term reversal in price. It is also important to note that this is not an always accurate prediction of what will happen next.

Member SinceAug 09, 2021

Posts 197

Hightrade

Oct 08, 2021 a 19:32
Inverted Hammer Candles are a sign of a potential reversal in the current trend. Inverted Hammer Candles can be seen as a bearish pattern and is typically a warning sign to watch for a potential reversal in the trend. The Inverted Hammer Candle differs from other candlestick patterns because, rather than being bullish, it is bearish.

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