Inverted Hammer forming on the charts 🔨
Classic reversal pattern showing up. Bulls trying to push price up but getting rejected at highs. Close near the open signals indecision.
Watch for confirmation:
- Next candle needs to break above the hammer high
- Volume spike on breakout = validation
- Failure to hold = fake out, more downside incoming
Not financial advice but this setup has been printing lately. Don't ape without confirmation.
Classic reversal pattern showing up. Bulls trying to push price up but getting rejected at highs. Close near the open signals indecision.
Watch for confirmation:
- Next candle needs to break above the hammer high
- Volume spike on breakout = validation
- Failure to hold = fake out, more downside incoming
Not financial advice but this setup has been printing lately. Don't ape without confirmation.