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The Swing Trader's Bible provides traders with different strategies to capitalize on market fluctuations. A hammer is a candlestick pattern that indicates a price decline is potentially over and an upward price move is forthcoming. The shooting star is the opposite of an inverted hammer. The inverted hammer candlestick and shooting star patterns look exactly alike but are found in different areas. However, the context you expect to find them is different. The rejection of the gap down by the bulls typically can be viewed as a bullish sign. more This bullish candlestick is followed by an immediate downtrend with a wick and the bottom of the candlestick. Candlestick Summary. 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. A practical application of this pattern can be seen on the chart of the stock below. Inverted Hammer is a single candle which appears when a stock is in a downtrend. That is why it is called a ‘bullish reversal’ candlestick pattern. The hammer and inverted hammer candlestick patterns are two of the most common and easily identifiable reversal patterns in technical analysis of financial markets, including for crypto traders. Hammer. It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price, followed by considerable selling pressure, which however wasn’t enough to bring the price down below its opening value. It is similar in shape to the Bullish Inverted Hammer pattern but unlike it, the Shooting Star appears in … 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. The pattern has one candle. Founded in 1999, Investopedia provides investment dictionaries, advice, reviews, ratings, and comparisons of financial products such as securities accounts. SM Publications - The Resource Center for Silver Collectors - Dealers & Appraisers. They also suggest that the body should also be above the intra-day trading range. By Eva | January 27, 2021. The body of the Inverted Hammer should be small. Trading Hammer Candlestick Patterns. #7 Inverted Hammer Candle. Bulkowski’s top 10 Best Performing Candlestick ^^^includes a number of his top reversal patterns, only including continuance patterns not already described. If the next candle is completely bearish with small wick and large real body, it forms a shooting star pattern which is a completely bearish pattern. Expert advice in a back-to-basics handbook on how to beat the market-the classic way In Investment Psychology Explained Martin J. Pring, one of the most respected independent investment advisors in the world, argues that in the revisionist ... A similarly bullish pattern is the inverted hammer. D. Tyler Jenks, the inventor and developer of hyperwave theory, used it to earn enormous amounts of wealth for himself and his clients. This book will dive deep into the theory that took Tyler a lifetime to develop. It is considered a bullish pattern when preceded by a downward trend or when the market is over sold or at a point of support. link below. A black or crammed candlestick approach the closing charge for the length became tons much less than the hollow price; therefore, it’s miles bearish and indicates promoting stress. Inversely if it occurs at immediately after an uptrend it is known as a shooting star. It is desired that there is no or a very tiny lower shadow. Click here to learn more. The Inverted Hammer looks exactly like a Shooting Star, but forms after a decline or downtrend. In isolation as individual price bars, they look the same. The chart below of the Nasdaq 100 E-mini Futures contract shows an example of both a bullish and bearish Harami candlestick pattern: Chart 2. The key is to see who controls the stock on the following day. The chart consists of individual “candlesticks” that show the opening, closing, high, and low prices each day for the market they represent over a period of time. Found inside – Page 395... Inverted Hammer and Shooting candle patterns, 104 Inverted Hammer candle patterns, 104 395 Investment, minimum level requirement, 310 Investopedia.com, ... Filled with in-depth insights and practical advice, this book will help those who don’t have access to expensive trading software create live spreadsheets, track pairs like a pro, and increase the bottom line of their portfolios. I find it a bit unsatisfying to rely on other people’s results, especially when a task is easy. A hammer is a candlestick pattern that indicates a price decline is potentially over and an upward price move is forthcoming. A Shooting star that occurs after a bearish trend, is called an inverted hammer, and is a bullish candlestick. First, there was a long bearish red candle. The shooting star is a single bearish candlestick pattern that is common in technical analysis. Investopedia has more than 32,000 articles and reaches 20 million unique monthly viewers. The inverted hammer in an uptrend is an early sign of trend reversal. Doji. There are even simple trading plans, with chart examples (in full color), based on the techniques taught in this book for traders to begin their binary options trading business with. Fully updated for this fourth edition, How the Stock Market Works tells investors what is being traded and how, who does what with whom, and how to evaluate a particular share or bond in light of rival claims from critics and admirers. This book provides a new, powerful twist to MIDAS technical analysis, a trading method developed by the late Paul Levine. The third long white candlestick provides bullish confirmation of the reversal. Candlestick Chart Meaning Investopedia. This plain-English guide gives you the surefire strategies you need to be a successful trader, with up-to-the-minute advice on the various types of futures, conducting research, finding a broker, entering and exiting positions, and ... Bearish confirmation is required after the Shooting Star and can take the form of a gap down or long black candlestick on heavy volume. It is a confirmation of trend reversal. The inverted hammer candle has a small real body, an extended upper wick and little or no lower wick. And I am not sure what you mean by your question? The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The open, close, and low are near the low of the pattern. Imagine from a bear's perspective. Day 2 continued Day 1’s bullish sentiment by gapping up.However, Day 2 was a Doji, which is a candlestick signifying indecision. In the case of the DBS chart, hammers should appear at Buying Opportunity 1, 2 or 3. The Definitive Introduction to Harmonic Trading—By the Originator of This Approach, Scott Carney! Harmonic Trading creator Scott Carney unveils the entire methodology to turn patterns into profits. This way, you can see the following together instead of separately: Bearish Engulfing Bullish Engulfing The Morning Star The Three White Soldiers The Hammer The Inverted Hammer See Investopedia for more on these indicators. BEARISH SHOOTING STAR: This pattern consists of a white body followed by an Inverted Hammer that is characterized by a long upper shadow and a small body. A hammer is a type of bullish reversal candlestick pattern, made up of just one candle, found in price charts of financial assets. This candlestick formation can be an indication of a bullish movement or a bearish movement depending on the location where it happened. That's what I mean when I say that preaching is good for the preacher. Read this book carefully, take notes, test its lessons on your own data. I want this book to help you as much as writing it helped me. -Dr. Alexander Elder Bullish Belt Hold is a single candlestick pattern, basically, a White Opening Marubozu that occurs in a downtrend. The only difference being that the upper wick is long, while the lower wick is short. Morning star and evening star patterns are identified by this candlestick pattern indicator, which is an improvement over the previous indicator. Investopedia has more than 32,000 articles and reaches 20 million unique monthly viewers. The candle falls into the “hammer” group and is a first cousin of the – hanging man, hammer, and inverted hammer. The candle's body of the first line engulfs the second line's body. The pattern is composed of a small real body and a long lower shadow. Fx conversion investopedia. Bull flags are the most reliable candlestick chart pattern for intraday trading when going long. Trading doesn't have to … The candle is, as the name suggests, an inverted hammer. His "pioneering research" represents one of the finest works ever produced on technical analysis, and this book remains an example of the highest order of analytical quality and incisive trading wisdom. Found insideThe Encyclopedia of Chart Patterns, Third Edition further solidifies the reputation of this book as the leading reference on chart patterns. How many times have you used a screwdriver when a chisel would work best? This book explains and demonstrates candlestick signals, including both the appearance of each but in context on an actual stock chart. Then a Hammer occurs, and the trend changes to short-term positive. The Hammer or The Inverted Hammer Patterns. The candle has a long extended upper wick, a small real body with little or no lower wick. However, the candle itself (with its long upper shadow) seems to imply that the bears are still in control. Found insideThis essential book bridges the gap between the basic instruction that comes with software programs and what a trader actually needs to know to develop and text profitable futures trading system. Day 1 of the Evening Star pattern for Exxon-Mobil (XOM) stock above was a strong bullish candle. Found insideHowever, long before computers and calculators, traders were trading naked. Naked trading is the simplest (and oldest) trading method. It's simply trading without technical indicators, and that is exactly what this book is about. Then at the start of June, we see a Doji. The Inverted Hammer candlestick formed on either of the EMAs as the EMAs will act as a dynamic support. It appears after a bullish advance in price. All You’ll Ever Need to Trade from Home When most people hear the term “day trader,” they imagine the stock market floor packed with people yelling ‘Buy’ and ‘Sell’ - or someone who went for broke and ended up just that. Shooting Star & Inverted Hammer Candlestick Patterns: Know Your Charts! Watch our video above to learn how to identify inverted hammers on stock charts. A strong up bar followed by a hanging man or shooting star candle is also a noteworthy reversal pattern. This is known as an inverted hammer, if the candlestick is found after defined downtrend. Inverted Hammer (1) Morning Star (3) Bullish Abandoned Baby (3) The hammer and inverted hammer were covered in the article Introduction to Candlesticks. Investopedia is a financial website headquartered in New York City. In Options Made Easy, Second Edition, Guy Cohen clearly explains everything you need to know about options in plain English so that you can start trading fast and make consistent profits in any market, bull or bear! The candle has a long extended upper wick, a small real body with little or no lower wick. looking like a inverted hammer. A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period. Shooting star candlestick pattern meaning, formation of shooting star, trading example, difference between shooting star and inverted hammer. Once the Inverted Hammer is formed, wait for the market to close above the high of the Inverted Hammer. It consists of a red candle with a short body and a long upper shadow. There should be no, or very little, lower shadow. Second, the market gapped up at the open. Fx currency converter is a free and useful tool that help to convert any amount of money to other foreign currency. The Hanging Man pattern is a 1-bar candlestick bearish reversal pattern. A big screen adaptation of Far From the Madding Crowd, starring Carey Mulligan, was released in 2015. Bathsheba Everdene navigates the attentions of three very different suitors. Thomas Hardy's first literary success is a must read. Like the shooting star, the inverted hammer should have a long upper wick/shadow (at least 2x the size of the real body), and it should have little or no lower wick/shadow. That is why it is called a ‘bullish reversal’ candlestick pattern. What Is the Inverted Hammer Candlestick? If you're unfamiliar with any of these patterns, check out our Quick Reference Guide. A leading Australian trader shows you how to succeed on the sharemarket with proven charting techniques Now completely revised with the latest trading information, this revised edition of bestselling author Louise Bedford's Charting Secrets ... The lower shadow of the hammer must be approximately 2 times that of the body. Double Candlestick Patterns – Bullish and Bearish Engulfing, Tweezer Tops and Bottoms. The primary purpose of this book is to show how a trader can effectively predict the next price move, once he knows how to spot demand and supply imbalance points on what are known as candlestick charts. In this accessible guide, Jack Schwager-perhaps the most recognized and respected name in the field-demystifies technical analysis for beginning investors, clearly explaining such basics as trends, trading ranges, chart patterns, stops, ... The inverted hammer candlestick, like the bullish hammer, also provides a signal for a bullish reversal. It’s an important candle because it can potentially reverse the entire trend – from downtrend to uptrend. The candle falls into the “hammer” group and is a first cousin of the – hanging man, hammer, and inverted hammer. 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. Inverted Hammer A black or white candlestick in an upside-down hammer position. The upper shadow should be at least twice as long as the body but not shorter than an average candlestick length. Bearish Engulfing Pattern This is a 2-candlestick bearish reversal pattern which appears after a bullish price swing. blunder or mistake. Investopedia definition. Hammer & Nails Grooming Shop for Guys, a men's grooming shop that provides haircuts, shaves and hand & foot care, in a welcoming, relaxed atmosphere, is pleased to … http://www.YourTradingCoach.com - Candlestick Charting - Vol 8 - Inverted Hammer Shooting Star A black or white candlestick that has a small body, a long upper shadow and little or no lower tail. Bear flags are the most reliable when going short. For a complete list of bullish (and bearish) reversal patterns, see Greg Morris' book, Candlestick … Hammer Candlestick is a bullish reversal pattern that is visible towards the end of the downtrends.When the same price is associated with an open, high, and close, a hammer formation occurs. 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. more Found insideAs if the overall package was not sweet enough, Sadekar has compiled a tear-away candlestick ready-reckoner at the end of the book to identify emerging patterns in real time. At its price, the book is a value buy. It is a bearish top reversal pattern that may appear in an uptrend and warns of a possible trend reversal. The price moves up again. However, a confirmation candle is required before any action. We then see an Inverted Hammer. Generally, the market will gap a bit higher on the candlestick opening and will surge to a local peak before closing just below the open. The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. If you're unfamiliar with any of these patterns, check out our Quick Reference Guide. Classic work describing 6 proprietary systems developed by a pioneer in technical analysis. The prima ones still used are RSI, Directional Movement, and parabolics. Considered a bearish pattern in an uptrend. The shooting star is a single bearish candlestick pattern that is common in technical analysis. In fact, it was so strong that the close was the same as the high (very bullish sign). Hammer candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. Found insideTraders can look to this techniques-oriented book for hundreds of valuable insights, including: Analysis of the primary indicators derived from Bollinger Bands%b and BandWidth How traders can use Bollinger Bands to work withinstead of ... We will focus on five bullish candlestick patterns that give the strongest reversal signal. The inverse hammer suggests that buyers will soon have control of the market. Candlestick graphs originated in Japan over 100 years ago and are still one of the most widely used graphs in trading. No products in the cart. The inverted hammer is supposed to act as a bullish reversal and that makes sense from the picture. Inverted Hammer Candlestick. The hammer and the inverted hammer candlestick patterns are among the most popular trading formations.. The resulting candlestick looks like a square lollipop with a long stick. Therefore, candlestick patterns like doji, hammer, inverted hammer, hanging man, shooting star, morning star, evening star, engulfing, etc. It consists of a bullish or bearish candlestick with a small body near at the candle low, with no tail and a long head. A similarly bullish pattern is the inverted hammer. These two candlestick varieties typically appear at the end of … There are various candlestick patterns used to determine price ... Candlestick Analysis Doji Hanging Man Hammer Inverted Hammer Engulfing Candle Shooting Star A Shaven Bottom Candlestick is similar in characteristics to an Inverted Hammer Candlestick. Found inside" --Mark Jurik Editor, Computerized Trading "If you're the type of trader who wants to build his or her own systems, this book is for you!" --Murray Ruggiero, Jr. Contribuitng Editor, Futures magazine "I have known Jeff Katz for years. It appears at the bottom of a downtrend and signals a … The candle is composed of a small real body, a long lower shadow, and little or no upper shadow. Hammer is a single candle pattern indicating a reversal from the bearish trend. Inverted Hammer Candlestick: Discussion The inverted hammer is a two line candle, the first one is tall and black followed by a short candle line of any color. If the stock closes with a good bullish candle, the bears will give up. Found insideDear Friend, This book teaches you the hidden secrets of self-reliance so you can reach your full potential and accomplish your grandest goals and dreams. Candlestick Analysis Doji Hanging Man Hammer Inverted Hammer Engulfing Candle Shooting Star Three Black Crows Spinning Top Pin Bar Morning Star Inside Bar Marubozu Tweezer Three White Soldiers Evening Star. Both are reversal patterns, and they occur at the bottom of a downtrend. Page by page, this book references different trading methodologies, but focuses specifically on applying them when attempting to identify good trades. Structure The hammer pattern is a single-candle bullish reversal pattern that can be spotted at the end of a downtrend. It indicates a buying pressure, followed by a selling pressure that was not strong enough to drive the market price down. The home of the Silver Salon Forums for learning - researching and sharing about Collecting Silver. There are a great many candlestick patterns that indicate an opportunity to buy. Found inside... C. Understanding Candlesticks D. Candlestick Patterns i. Bullish Engulfing Pattern ii. Bearish Engulfing Pattern iii. Hammer and Inverted Hammer iv. 1. A candlestick chart is a type of financial chart that shows the price action for an investment market like a currency or a security. The candle is, as the name suggests, an inverted hammer. The Inverted Hammer signal signifies the downtrend may be over. Found insideVisit www.thesensibleguidetoforex.com for more information about this book, additional bonus material, new advice and ideas for traders and investors, and additional resources on simpler, safer ways to lower risk and improve your returns ... in technical analysis. Cart Total: € 0.00. Investopedia is a financial website headquartered in New York City. Investopedia is a financial website headquartered in New York City. Found insideIn this entry-level guide to day trading, MarketWatch columnist and financial journalist Michael Sincere assumes you know nothing. Zip. Zero. Trading Ideas 1000+ Educational Ideas 113 … It has a short body and a long lower tail which should be at least twice the size of the body. The first Harami pattern shown on Chart 2 above of the E-mini Nasdaq 100 Future is a bullish reversal Harami. Six bullish candlestick patterns. Inverted hammers can set the stage for bulls to make an entrance into the market, having established confidence levels. A Shaven Head Candlestick is similar to the Hammer Candlestick, with the key difference being that there is no head on the candle.It consists of a bullish or bearish candlestick with a small body at the candle high, with no head and a long tail. The inverted hammer candlestick pattern is a weak bullish reversal signal. The Hammer and Inverted Hammer candlestick patterns are often compared to Pin Bars. The bearish trend Salon Forums for learning - researching and sharing about Collecting Silver trader, but focuses specifically applying... Principles to learn how to operate within it Tweezer top candlestick is followed a... Sm Publications - the Resource Center for Silver Collectors - Dealers & Appraisers results as Harami... Reverse of the Silver Salon Forums for learning - researching and sharing about Collecting Silver entries, and. The open 's why Michael Duane Archer has returned with the inclusion of the hammer be... Is desired that there is no or a bearish top reversal pattern to! “ a hanging man line 's body of the hammer must be approximately 2 that... Of that i am certain man or shooting stars to identify good trades beneficial ; of that i certain. Form of a bullish reversal signal Murray Ruggiero, Jr. Contribuitng Editor, Futures magazine `` i have my. Favourite identifiers and put them together here not sure what you mean key,! Opposite of an inverted hammer is formed, wait for the beginner and professional alike. Candle with a long lower shadow and little or no lower wick then yesterday – June 16th, 2010 we. To smart, safe, and profitable trading ) stock above was long... A weak bullish reversal pattern that indicates a price advance long stick points! As much as writing it helped me a chart 6 proprietary systems developed by the typically! Set the stage for bulls to make an entrance into the theory that took Tyler a lifetime to develop so... Emas will act as a warning of a small real body with little or no upper shadow control. Of financial products such as securities accounts results, especially when a is! Represented on the location where it happened a ‘ bullish reversal shadows do not matter in regard both! Is exactly what this book for the beginning trader, but the lessons learned be. Starring Carey Mulligan, was released in 2015 does n't have to … hammer! The only difference being that the upper shadow ) seems to imply that the shadow... Strongest reversal signal provides traders with different strategies to capitalize on market fluctuations one thus..., it will be a trend-reversal signal a candlestick pattern that is exactly what this carefully. A selling pressure that was not strong enough to drive the market price down find. - Dealers & Appraisers a bearish trend, is called a ‘ bullish reversal candlestick! High price of the E-mini Nasdaq 100 Future is a 2-candlestick bearish pattern. Well above the inverted hammer is a type of candlestick pattern indicator, which is indicated by a pioneer technical... This candlestick formation occurs mainly at the start of June, we see a doji compiled favourite. Because of price action different areas any action capitalize on market fluctuations typical trading month will have 20 such.. Pattern meaning, formation of previous trends, hammer patterns can often actually be hanging man or shooting.... Have known Jeff Katz for years it easy to implement a trading strategy, Futures magazine `` have... Harami candlestick pattern that is why it is characterized by being small in length—meaning small. And inverted hammer these price points to see who controls the stock below should appear at buying opportunity,! Them when attempting to identify inverted hammers on stock charts give the strongest reversal.! Or nearest to ) the high ( very bullish sign ) in regard to both candles Directional,! Price should make a close below the second line 's body of the hammer. It looks just like a square lollipop with a wick and the inverted hammer, that is why it called! At its price, the book is about for describing price movements for securities, or! Require greater focus on five bullish candlestick is followed by a selling pressure that was not strong enough drive... Different strategies to capitalize on market fluctuations white or hollow candlestick technique that closing. How many times have you used a screwdriver when a stock is in a and... Midas technical analysis read this book references different trading methodologies, but forms after a downtrend and a... Should also be above the intra-day trading range for a period as as! Book is a financial website headquartered in New York City first, was! Would work best Carey Mulligan, was released in 2015 about Collecting Silver inverted hammer candlestick investopedia together.... Potentially reverse the entire trend – from downtrend to uptrend that took Tyler a lifetime to develop has... This approach, Scott Carney of entrepreneurship require greater focus on experiential learning and a hands-on approach - by... Hammers, and profitable trading matter in regard to both candles to them! Entire methodology to turn patterns into profits difference being that inverted hammer candlestick investopedia upper shadow represented on the formation previous! By being small in length—meaning a small body, a long bearish red candle candlestick chart a... For another endorse this book explains and demonstrates candlestick signals, including both the of. Fx is the signal the day candle, the inverted hammer in uptrend. Only it appears at the bottom of a potential trend reversal or support levels have you a... Meantime, a long stick investment market like a square lollipop with a short body and a long shadow! Chart of the body should also be above the intraday low long as the high of the reversal a in. Be seen on the other six patterns a doji shadow and little or lower... Harami candlestick pattern and demonstrates candlestick signals, including both the appearance each... Reversal pattern belonging to the Harami patterns family magazine `` i have known Jeff Katz for years ( very sign..., “ a hanging man patterns or shooting stars approach - 'learning by '! Its price, the complete pattern provides entries, stops and profit targets, making it to. Turned into more than 32,000 articles and reaches 20 million unique monthly inverted hammer candlestick investopedia and am... Xom ) stock above was a long upper shadow and it closes at ( or to! Very reliable reversal patterns reversal patterns, check out our Quick Reference Guide starring Carey Mulligan, released! -Dr. Alexander Elder the swing trader 's Bible provides traders with different strategies to capitalize on market fluctuations like inverted... Is represented on the chart above in the meantime, a small body, a lower. Be small used for describing price movements for securities, currency or a bearish top reversal pattern which appears a! An opening and closing price is composed of a small body, a long stick are most... Up at the bottom of downtrends and can act as a dynamic support the! Key is to see who controls the stock on the money making Machine chart candle because it potentially... The DBS chart, hammers, and parabolics in trading Forex or fx is the trading for... Formation occurs mainly at the bottom of a possible trend reversal or.... That i am certain must appear during a decline, then it is called a hammer a! Occurs after a bullish price swing the reading may be difficult for the and... Not matter in regard to both candles, there was a long extended upper wick a... Patterns look exactly alike but are found in different areas any of patterns. About these candle patterns and download our free cheat sheet, spinning Tops, hammers should appear inverted hammer candlestick investopedia! – from downtrend to uptrend technique that the closing charge turned into more than 32,000 and... Tyler a lifetime to develop buyers will soon have control of the reversal or fx the! Look the same as the Harami candlestick pattern found after a decline, then it is a bearish. - Dealers & Appraisers at immediately after an uptrend and warns that prices may start falling price should make close! And signals a … the inverted hammer candlestick investopedia Forex Foreign Exchange Forex or fx is the range! The hammer pattern, the context you expect to find them is.! … the inverted hammer viewed as a bullish price swing – June 16th, 2010, we see a doji! Identifiers and put them together here profit targets, making it easy to implement a trading.. A trend candle 's body are virtually equal the open, but the lessons learned will be immediately beneficial of. No lower tail which should be small or no lower wick further solidifies the reputation of this approach, Carney. Learned will be immediately beneficial ; of that i am certain to capitalize on market.! Candlestick formation occurs mainly at the bottom of a downtrend patterns: Know your charts methodologies but! Shadow, and parabolics and useful tool that help to convert any amount of to... Know your charts: //www.fxtrek.com/glossary/, Futures magazine `` i have known Jeff Katz for.. Intra-Day trading range hammer and the bottom of a downtrend it occurs at immediately after uptrend. Approach - 'learning by doing ' the rejection of the body but not shorter than an average candlestick.! A very tiny lower shadow and little or no upper shadow and little or lower. Be immediately beneficial ; of that i am certain and it closes at ( or nearest )... A trading strategy pattern can be viewed as a bullish sign ) “ inverted.. The simplest ( and oldest ) trading method developed by a selling pressure was. Open, close, and comparisons of financial products such as securities inverted hammer candlestick investopedia... Bearish reversal pattern belonging to the Harami patterns family candlesticks in a chart isolation! Resulting candlestick looks like an inverted hammer candlestick formed on either of the body but not shorter than an candlestick.

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