Inverted hammer
Overview & Appearance
* Form: Resembles a standard hammer pattern, but features a long upper wick rather than a lower one.
* Occurrence: Appears at the bottom of a downtrend and serves as a potential bullish reversal signal.
Market Dynamics
* Price Action: The long upper wick indicates an initial surge of buying pressure, followed by sellers pushing the price back down close to the open level.
* Significance: Suggests that selling momentum is losing strength and buyers may soon assume control.
Overview & Appearance
* Form: Resembles a standard hammer pattern, but features a long upper wick rather than a lower one.
* Occurrence: Appears at the bottom of a downtrend and serves as a potential bullish reversal signal.
Market Dynamics
* Price Action: The long upper wick indicates an initial surge of buying pressure, followed by sellers pushing the price back down close to the open level.
* Significance: Suggests that selling momentum is losing strength and buyers may soon assume control.
