Is an inverted hammer on a candlestick chart bullish?

Asked 4 years ago

What does an upside-down candlestick hammer indicate in the market? Is it bullish or bearish?

Candlestick charts Candlestick hammer Bullish trend Bearish trand

Andia Rispah Igobwa

Monday, December 20, 2021

The formation of an Inverted Hammer is favourable after a lengthy downtrend because prices are hesitant to fall throughout the day.
When sellers attempted to reposition prices back to their opening levels, bulls pushed them higher. This demonstrated the strength of the bears in testing the might of the bulls.
After some brief ho-hum trading, prices fell throughout the day with little resistance. 
It tells us that bulls are weak and not interested in taking on the bears to control this market.