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How to identify
The Inverted Hammer bull is a bottom reversal line. Similar to its cousin the Hammer bull, it occurs in a downtrend and represents a possible reversal of trend. Common with most single and double candlestick patterns, it is important to wait for verification, in this case bullish verification. This could be in the form of the next days open above the Inverted Hammer bull's body. Since the closing price is near the low for the day and the market traded much higher, verification is most important. 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 bull represents the potential for an upcoming rally. The length of the shadow will help determine its strength. Confirmation of the trend reversal would by an opening above the body of the Inverted Hammer on the next trading day. BUY "Inverted Hammer Bull" Candlestick Chart Indicator add to cart Back to Glossary of BULL and BEAR Candlestick Chart Indicators. For an additional education on Japanese Candlestick Charting techniques, visit our Investment Bookstore and also check out the special pricing section called Fire Sale Books for great deals at the largest collection of Investment Books on the Internet. Click here if you'd like to be advised when the site is updated or refer this web site Home / Company Information / Promotions / TC2005 Candlestick Charts / Gift Certificate / Discount Book Store / Contests / Affiliate Programs / Internet Marketing Resources / Food for Thought ezine / Marketing Food for Thought ezine / Stock Market Info / Art / Telecom Services / Electronic Products / Favorite Links / Free Screensaver / Free Software / Email Updates / Refer This Site / Contact Us / By viewing this web site, you the visitor, agree to our
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