Forex eBook

Inverted Hammer Bullish Pattern

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Bullish Inverted Hammer Pattern

Inverted Hammer Bullish Pattern Basic Info

Bullish Inverted Hammer Pattern is a candlestick characterized by a long upper shadow and a small real body preceded by a long black real body.

How to recognize Inverted Hammer Bullish Pattern

1. Market is Bearish – downtrend.
2. The first day of the pattern is a red candlestick formed at the lower end of the trading range.
3. The second day of the pattern is a small real body and is formed at the lower end of the trading range.
4. The color of the second real body is not important, however the color of the body is black in the first day.
5. No gap down is required, as long as the pattern is seen after a downtrend.
6. Upper shadow of the second small body should be at least twice as long as the real body.
7. The second body does not have lower shadow or it has only a very little lower shadow.

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