CANDLE STICK OF THE DAY!

02/12. Inverted Hammer (Bullish)

This is just like a hammer, but with a long wick above the body rather than below. Similar to a hammer, the upper wick should be at least twice the size of the body.

This inverted hammer occurs at the bottom of a downtrend and may indicate a potential reversal upward. The upper wick shows that price stopped its continued downward movement, even though the sellers eventually managed to drive it down near the open. As such, the inverted hammer may suggest that buyers soon might gain control of the market. Inverted hammer is also called the Inverse Hammer.

WHEN YOU SEE THIS CANDLESTICK FORMED:

Buy, yes buy and wait to make profit then walk away with how much you’ve made.

Try to put what you learn in practice.

Let’s hear what you experience in the comment section.