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The Inverted Hammer.. A Ray of Hope!

When this candle appears at the end of a downtrend, it signals that buyers are starting to gauge the market pulse and we might see an upcoming rise.

How do you identify it?

- Its body is small at the bottom

- It has a long upper shadow

- It has no lower shadow or a very short one

What does it mean?

Buyers tried to push the price up, but sellers resisted. However, the failure of sellers to push lower gives hope for an upward move. Confirmation is needed!

Academic Note:

Its credibility increases with high trading volumes.

Patience is the key to relief

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