PATTERN: Reversal

TREND: Bullish

RELIABILITY: Low / Moderate


 How to Identify it :
·  Small real body at the lower end of the trading range

·  Upper shadow usually no more than twice as long as the real body

·  No (or almost no) lower shadow

What it Means:

As the market opens below the close of the previous day, the bulls rally briefly, but not

enough to close above the previous day's close. As this leaves shorts in a losing position,

the Inverted Hammer presents the potential for an upcoming rally....
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