#candlestick

The Inverted Hammer Candlestick pattern, also known as the inverse hammer, is similar to the hammer pattern but has a long upper wick above the body or chart. The wick should be at least twice the size of the body or chart. The inverted hammer occurs at the bottom during a downtrend and may indicate a potential reversal upwards.

The upper wick shows that the price has stopped the ongoing downward movement, although sellers ultimately managed to push it down close to the open. Thus, the inverted hammer can indicate that buyers are about to take control of the market.