A Quick Overview of Inverted Hammer Pattern
The inverted hammer is a candlestick pattern that appears after a downturn and is often seen as a trend reversal indication. The inverted hammer looks like an upside-down version of the hammercandlestick pattern, and it's known as a shooting starwhen it emerges in an upswing. According to Bulkowski, this reversal predicts higher prices with an 67% accuracy rate.
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