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Inverted hammer at the downtrend movement

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Hello,

An inverted hammer has reversal implications if found after a downtrend and that is why we saw a big green candle after that. In my opinion, we may see a few more green candles if no negative news is seen.

All the technical analysis fails if there is any kind of news.

#DYOR
Nota
I am also getting a long signal in 4-hour chart as per my indicator. See the blue arrow.

#DYOR do your own research

syot kilat
Nota
as you see in the 1-hour chart the inverted hammer worked well in spite of the high inflation rate news LUNC touched 0.00039.

syot kilat

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