Candlestick Patterns Bullish Signals/ Inverted Hammer
Has the exact same requirements as the Capturing Celebrity. However, this line shows up after a decline whereas a Shooting Star arises throughout an up pattern.
Market Effects: Potential bottom reversal.
Assistance: Not utilized as assistance.
Psychology: Those who sold short on the inverted hammer's session open or close bought at brand-new low for the move, therefore making them nervous.
Need to come after a substantial decline.
Because of the bearish shape of the line(the very long upper darkness) we do not see this as meaningful reversal signal.
Opposite of Hanging Male.