Inverted Hammer
- Type: Reversal
- Relevance: Bullish
- Prior Trend: Bearish
- Reliability: Low
- # of Sticks: 1
Definition:
This pattern is exactly like a Shooting Star that instead occurs during a downtrend. The candle is characterized with a long up shadow and a small body that can either be up or down but closes below the prior candle’s close.