• 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.

 

Opposite: Hanging Man