inverted hammer

Definition

A candlestick chart pattern that occurs when a security had been declining in previous sessions, and then temporarily trades high throughout the day's session, but by the end of the day the market realized it could not support that level of trading and returned to a low level, closing below the its opening price. When charted, the inverted hammer appears identical to the shooting star pattern.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
inverse saucer inverted market