In the image below, you will see a couple of inverted
hammer candlestick patterns.
Yesterday, our existing long position in Global X Silver Miners ETF ($ SIL) got off to a rough start in the morning, but reversed to close near its intraday high, this resulted in the formation of a bullish
hammer candlestick pattern that also «undercut» key intermediate - term support of its 50 - day moving average.
I hope you enjoyed this article on trading
the hammer candlestick pattern.
Interested in trading
the hammer candlestick pattern?
Finally,
the hammer candlestick pattern nailed a profitable long trade.
In this addition to my free price action course, I'm going to show you how to start trading the inverted
hammer candlestick pattern.
The inverted
hammer candlestick pattern is a weak bullish reversal signal.
Not exact matches
Furthermore, the «
hammer»
candlestick pattern that formed when on October 22 was slightly encouraging because a bullish reversal bar that coincides with an «undercut» of an obvious support level often precedes a rally.
# 2 Bullish Candle: The latest
candlestick pattern in the daily chart is a
hammer.
The high to the left of our inverted
hammer was capped off by a dark cloud cover
candlestick pattern.