👉🏿The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The inverted hammer looks like an upside down version of the hammer candlestick pattern, and when it appears in an uptrend is called a shooting star.
✍The inverted hammer is also called as shooting star. When it is formed at a bottom it is called as inverted hammer and shooting star at the top.
✍As shown in the above image the inverted hammer has long upper shadow and short body. It has little or no lower shadow.
✍While taking long trade on inverted hammer the long position has to be taken once the price closes above the high.
✍While taking short trade on shooting star once the price closes below the low.
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