Inverted Hammer
A candle with a small body near the bottom and a long upper wick, appearing after a fall and hinting…
In plain English
A candle with a small body near the bottom and a long upper wick, appearing after a fall and hinting buyers are testing higher.
An inverted hammer looks like an upside-down hammer. After a decline, buyers pushed price up during the session; they could not hold it, but they showed up.
It is a weaker bottoming hint than a hammer and usually needs a strong up candle next. The same shape after a rally is a shooting star.
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