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Crypto · candlestick pattern

Inverted hammer on Polygon (POL)

On Polygon (POL) the inverted hammer showed up 64 times. The target came first 33% of the time, the stop 59%, and 8% went nowhere within 12 candles.

Counted on Polygon (POL) (POL/USDT): daily candles from September 2024, 4-hour candles from September 2024 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily250%50%0%
4-hour1010%60%30%
Hourly5237%60%4%

Polygon (POL) against the rest

ChartsFoundTarget firstStop firstWent nowhere
Polygon (POL)6433%59%8%
All Crypto charts4,29734%56%9%
Every market6,73437%55%8%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the inverted hammer is

After a fall, buyers tried to push up. A first sign of interest.

Imagine a kid who keeps losing a game and finally jumps as high as they can. They land back down, but everyone noticed the jump. An inverted hammer is that jump: after a fall, buyers pushed price up high during the candle, even though it slid back before the close.

The full inverted hammer lesson, video and quiz ›

Other patterns on Polygon (POL)

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile bounce · Doji · Volume profile rejection · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them

The inverted hammer elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the inverted hammer work on Polygon (POL)?

In 64 cases on Polygon (POL), the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 59%; 8% went nowhere within 12 candles.

What is the inverted hammer?

After a fall, buyers tried to push up. A first sign of interest.