👉 Inverted hammer Type candlestick pattern & Analysis
Inverted hammer bullish reversal pattern is a signal that a significant change is coming in the market, the bearish phase is over. The body of this candle is quite small, and the upper shadow is quite large, while the lower shadow is either nonexistent or very small. It can be of any color. If this candlestick pattern forms in between, it doesn't hold much significance. The color of the inverted hammer can be red or green. However, the color of the inverted hammer does not matter whether it is green or red, but if the color of the inverted hammer is green, that is better.
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