JILANI09
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Hammer and Inverted Hammer
🔴A hammer candlestick pattern is a bullish reversal pattern that is most accurate at the bottom of a downtrend. It signals that sellers are losing power and being overwhelmed by buyers. Traders look for the hammer pattern as a buy signal, as it suggests that the price is likely to rise in the near future.
🔴The candlestick has a small body, a long lower shadow, and no upper shadow. Additionally, the lower shadow must be longer in height than the body of the candlestick for the pattern to be valid. The body color of a hammer candlestick can be either green or red.
🔴The inverted hammer pattern looks like the hammer pattern. The only difference is that it is upside down. Although it is called "inverted," it is still a bullish reversal pattern. It indicates the end of a downtrend and a possible trend reversal to the upside.
🔴A hammer candlestick pattern is a bullish reversal pattern that is most accurate at the bottom of a downtrend. It signals that sellers are losing power and being overwhelmed by buyers. Traders look for the hammer pattern as a buy signal, as it suggests that the price is likely to rise in the near future.
🔴The candlestick has a small body, a long lower shadow, and no upper shadow. Additionally, the lower shadow must be longer in height than the body of the candlestick for the pattern to be valid. The body color of a hammer candlestick can be either green or red.
🔴The inverted hammer pattern looks like the hammer pattern. The only difference is that it is upside down. Although it is called "inverted," it is still a bullish reversal pattern. It indicates the end of a downtrend and a possible trend reversal to the upside.
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