What's a Inverted Hammer Candles Pattern?
What Does Inverted Hammer Candle-stick Mean? Inverted Hammer Candle-stick Definition
Inverted Hammer candlesticks pattern is a bullish reversal candle pattern. It forms at the bottom of a market trend.
Inverted Hammer candles pattern occurs at bottom of a down trend & indicates the possibility of a reversal of the downwards trend.
Inverted Hammer Stock Candle Pattern - Indices Candles Pattern
Analysis of Inverted Hammer Stock Candle Pattern
A buy is completed when a candlestick closes above the neck line, this is opening of candlestick on the leftside of this pattern. The neck-line in this instance is a resistance area.
Stop orders for the buy stock trades should be set a few pips below the lowest trading price on the recent low.
An inverted hammer candlesticks pattern is named so because it signifies that the market is hammering out a bottom.
