Inverted Hammer Stock Trading Candlestick Pattern - Shooting Star Stock Trading Candlestick Pattern - Bullish Stock Trading Candlestick Patterns and Bearish Stock Trading Candlestick Patterns - Inverted Hammer Candlesticks and Shooting Star Candlesticks
Inverted Hammer Bullish Stock Trading Candlestick Patterns - Shooting Star Bearish Stock Trading Candlestick Patterns - Bullish Stock Trading Candlestick Patterns PDF and Bearish Stock Trading Candlestick Patterns PDF
Inverted Hammer Stock Trading Candlestick Pattern and Shooting Star Stock Trading Candlestick Pattern candlesticks look alike. These have a long upper shadow and a short body at the bottom. Their color does not matter. What matters is the point where they appear whether at the top of a market stock trading trend (star) or the bottom of a market stock trading trend (hammer).
The difference is that inverted hammer is a bullish reversal stock trading pattern while shooting star is a bearish reversal stock trading pattern.
Upward Stock Trend Reversal - Shooting Star Candlesticks
Downward Stock Trend Reversal - Inverted Hammer Candlesticks
Inverted Hammer Stock Trading Candlestick Pattern and Shooting Star Stock Trading Candlestick Pattern Candlesticks Stock Trading Chart Patterns
Inverted Hammer Candlestick
This is a bullish reversal candlestick pattern. It occurs at the bottom of a Stock trend.
Inverted hammer occurs at the bottom of a downstock trading trend and indicates the possibility of reversal of the downward Stock trend.
Inverted Hammer Candlestick
Technical Analysis of Inverted Hammer Candlestick
A buy is confirmed when a candlestick closes above the neckline, this is the opening of the candlestick on the left side of this pattern. The neckline in this case is a resistance level.
Stop orders for the buy stock trades should be placed a few pips below the lowest stock price on the recent low.
An inverted hammer is named so because it signifies that the stock trading market is hammering out a bottom.
Shooting Star Candlestick
This is a bearish reversal candlestick pattern. It occurs at the top of a market trend.
It occurs at the top of an upstock trading trend where the open stock price is the same as the low and stock price then rallied up but was pushed back down to close near the open.
Shooting Star Candlestick
Technical Analysis of Shooting Star Candlestick
A sell is confirmed when a candlestick closes below the neckline, this is the opening of the candlestick on the left side of this pattern. The neckline in this case is a support level.
Stop orders for the sell stock trades should be placed a few pips above the highest stock price on the recent high.
The Shooting Star is named so because at the top of an upward market stock trading trend this stock trading candlestick pattern resembles a shooting star up in the sky.
