– Downward trend.
– Two large candlesticks with no tails start the pattern.
– Third candlestick is an Inverted Hammer that gaps below the second day’s close.
– The last day completely engulfs the inverted hammer.
– The inverted hammer should gap below the second day’s close.
– Although the last candlestick closes at the lowest point of this pattern,the downtrend
is actually its losing steam.
– This pattern is very rare.