Inverted Hammer Candlestick

Inverted Hammer is a reversal candlestick pattern 

The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends. The Inverted Hammer is a bullish reversal pattern in candlestick chart.

Identification of Hammer Candlestick

Inverted Hammer is bullish in nature and appears at the end of a down trend.

The long upper shadow

The real body is at the lower end of the trading range.

The lower shadow is small or nonexistent.

The long upper shadow signals that sellers pushed prices lower but the buyers were able to overcome this selling pressure.