What does this strategy entail?
The inverted hammer candlestick pattern (or inverse hammer) is a candlestick that appears on a chart when there is pressure from buyers to push an asset's price up. It often appears at the bottom of a downtrend, signalling a potential bullish reversal. The case or further confirmation of the reversal is confirmed by the instrument trading at or near the close of the hammer formation during the following session.
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