Invert that.
HEMMER
The inverted hammer is essentially a gravestone dodgy formation with a slightly bigger body.
The hammer is formed when the opening price and the closing price are corny at the same level.
The vertical line represents the highest trading in price of that specific timeframe.
The conditions are the same as the hammer.
The length of the upper shadow must be at least twice the size of the body of the candle.
The longer the shadow the stronger the potential for a reversal there is no lower shadow.
It is a perfect inverted hammer However if there is a very small lower shadow the formation is frequency
that an inverted hammer pattern the lower shadow represents the lowest trade in price of that specific
time frame.
If the closing price is higher than the opening price the color of the candle is green.
If the closing price is lower than the opening price the color of the candle is red.
Red hammer is more baddish energy than a green hammer a Korean hammer is more bullish energy and hammer
the color of the candle is not as important as the position where the inverted hammer is located in
the grand
when the Emberton hammer appears at the bottom of a downtrend or after a series of red candles and possibly
in oversold conditions this indicates that a bullish reversal is about to occur.
However for the bullish confirmation is required if the next day the price opens above the previous
they close in the balls the buyers are taking the price up.
This is the bullish confirmation that the reversal has occurred.
It is time to buy or to go along.
On the other hand if the next day the price opens below or near the previous day close and the Bears
the sellers start taking the price down.
This indicates that we are still in a downtrend.
Be patient and wait for further bullish patterns to form.
When the inverted hammer appears at the top of an uptrend or after a series of green candles and possibly
in overbought conditions these indicates that the bearish reversal is about to occur.
However further bearish confirmation is required.
If the next day the price of Open's near or below the previous day closed and the Bears the sellers
are taking the price down.
This is the bearish confirmation that the reversal has occurred.
It is time to sell or to go short.
On the other hand if the next day the price opens above or near the previous that close and the Bulls
the buyers start taking the price up.
This indicates that you are still in an uptrend.
Be patient and wait for further bearish patterns before.