Cryptocurrency Q&A
What is the double inverted hammer in the downtrend?
What is the double inverted hammer in the downtrend?
BitcoinWarrior
Tue Feb 04 2025
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answers
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I've heard about a technical pattern called the double inverted hammer in the context of a downtrend in the stock market. Could someone explain what this pattern is and how it can be identified on a chart?
7 answers
Michele
Thu Feb 06 2025
An inverted hammer is a specific candlestick pattern recognized in technical analysis.
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lucas_jackson_pilot
Wed Feb 05 2025
This pattern typically emerges at the conclusion of a downtrend in the market.
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Skywalker
Wed Feb 05 2025
Above this small body, there is a long upper wick extending upwards.
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CharmedClouds
Wed Feb 05 2025
It serves as a visual cue for traders and investors to pay attention.
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Chiara
Wed Feb 05 2025
This upper wick is notably at least twice the length of the body, adding to its recognizability.
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