Shooting Star Metal Candle Pattern

Inverted Hammer Bullish Metal Candle Patterns

Inverted Hammer Metals Candle Pattern & Shooting Star Metal Candle Pattern 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 metal market trend (star) or the bottom of a metal market trend (hammer).

The difference is that inverted hammer is a bullish reversal metals trading pattern while shooting star is a bearish reversal metals trading pattern.

Upward Metals Trend Reversal - Shooting Star Candles

Downward Metals Trend Reversal - Inverted Hammer Candles

Inverted Hammer Metals Candle Pattern & Shooting Star Metals Candle Pattern Metals Chart Patterns

Inverted Hammer Metal Trading Candlestick

This is a bullish reversal candle pattern. It forms at the bottoms of a Metals trend.

Inverted hammer occurs at the bottom of a down metals trend & indicates the possibility of reversal of the downwards Metals trend.

Inverted Hammer Metals Candlestick

Technical Analysis of Inverted Hammer Metals Candle

A buy is confirmed when a candle stick closes above the neckline, this is the opening of the candlestick on the left side of this pattern. The neck line region in this acts as a resistance zone.

Stop orders for the buy metal trades should be placed a few pips below the lowest metals price on the recent low.

An inverted hammer is named so because it signifies that the metal market is hammering out a bottoms.

Shooting Star Candlestick

This is a bearish reversal candle pattern. It forms at tops of a market trend.

It occurs at the top of an up metals trend where the open metals price is the same as the low and metals 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 candle stick 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 zone.

Stop orders for the sell metal trades should be placed a few pips above the highest metals price on the recent high.

The Shooting Star is named so because at the top of an upwards market metals trend this metals candle pattern resembles a shooting star up in the sky.