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Bullish Inverted Hammer

Last Day: 0 Last Week: 1
Last 10 Days: 8 Last 10 Weeks: 4

Bullish Inverted Hammer

This pattern signals
a potential trend...
How to identify...Similar pattern(s)...
  1. Small real body formed near the bottom of the price range.

  2. The upper shadow is no more than two times as long as the body.

  3. The lower shadow is small or nonexistent.
Bullish Morning Star

The long upper shadow and small real body at the bottom of the trading range are cause for concern by the bears. They wonder if this is the end of the downtrend and take measures to protect their gains. If the next day opens above the body of the Inverted Hammer, then expectations could be for shorts to cover and propel a reversal rally.

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