This page provides a list of stocks where a specific Candlestick pattern has been detected. This tutorial will tell you everything you need to know about the inverted hammer. It means for every $100 you risk on a trade with the Inverted Hammer pattern you make $18.2 on average. Past performance of a security or strategy is no guarantee of future results or investing success. Harness the market intelligence you need to build your trading strategies.

Commodity exchanges are formally recognized and regulated markeplaces where contracts are sold to traders. Our broker guides are based on the trading intstruments they offer, like CFDs, options, futures, and stocks. Investing and Trading involves significant financial risk and is not suitable for everyone. No communication from Rick Saddler, Doug Campbell or this website should be considered as financial or trading advice. The TC2000 Tight Highs Scan is designed to identify a tight short-term cluster of recent highs signaling clear resistance and an ideal breakout level to monitor for a trade.

Are Candlestick Patterns Reliable

Try out what you’ve learned in this shares strategy article risk-free in your demo account. The bearish version of the Inverted Hammer is the Shooting Star formation that occurs after an uptrend. Precious metals have many use cases and are popular with commodity traders. There are several precious metal derivatives like CFDs and futures.

Being informative and very visual, candlestick analysis is fairly popular among traders. Once again, the lack of a lower wick indicates the inability of bears to push the price lower than candle’s opening price. As a result, bulls regain confidence with the change in market sentiment and the price of ETH rallies 20% to the upside. TheInverted Hammer pattern indicates significant buying during a downtrend. Although sellers managed to drive prices to close near the open, the intra-bar byuing may indicate that the selloffmay be coming to an end. The pattern may therefore provide an opportunity to close a short position, alternatively, consider a long trade.