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What is Inverted Hammer Candlestick Pattern and How to Use it?
The Inverted Hammer is one of the key candlestick patterns in technical analysis, signaling a possible trend reversal. This pattern occurs at low price levels after a price decline, suggesting buyers may start opening long positions. The pattern gets its name because the candle visually resembles an upside-down hammer, with a small body and a long upper shadow. It indicates that buyers managed to counter the bearish sentiment and prevent further price decline despite selling pressure on the market. The long wick shows that the price increased during the session, but bears pushed it back down before the close. Like ... (full story)
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- Feb 5, 2025 1:20pm Feb 5, 2025 1:20pm
- Sinbadsings
- | Joined Jan 2025 | Status: Junior Member | 1 Comment
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- Posted: Feb 5, 2025 1:17am
- Submitted by:Category: Educational NewsComments: 1 / Views: 1,872
