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Inverted Hammer

 

Description

 

This bullish reversal pattern is considered moderately reliable.

 

After a downtrend, a black candlestick day forms, then a small real body with an upper wick not longer than twice its height, with no lower wick.

 

The stock has gapped down in this case. There is an attempt to rally, but it fizzles and the stock drops to close near the day’s low. This is taken as a sign that there is some bullish sentiment. For confirmation, a strong next day with good volume is needed.

 

Market Opinion

 

Bullish.

 

Pattern

 

Description: Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\Inverted Hammer_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
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