Shooting Star Stocks Candle Pattern

Inverted Hammer Bullish Stocks Candlestick Patterns

Inverted Hammer Stock Candle Pattern and Shooting Star Stocks 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 stocks market trend (star) or the bottom of a stocks market 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 Candles

Downward Stock Trend Reversal - Inverted Hammer Candles

Inverted Hammer Stock Candle Pattern and Shooting Star Stock Candle Pattern Stock Chart Patterns

Inverted Hammer Stocks Trading Candle

This is a bullish reversal candle pattern. It forms at the bottom of a Stock trend.

Inverted hammer forms at the bottom of a down stock trend & indicates the possibility of reversal of the downward Stock trend.

Inverted Hammer Stock Candle

Technical Analysis of Inverted Hammer Stock Trading Candle

A buy is confirmed when a candlestick closes above the neck-line, this is opening of candlestick on left-side of this pattern. The neck line in this instance is a resistance area.

Stop orders for the buy stocks trades should be set few pips below the lowest stocks price on the recent low.

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

Shooting Star Candlestick

This is a bearish reversal candlestick pattern. It occurs at the tops of a market trend.

It occurs at the top of an up stock trend where the open stocks price is same as the low & stocks price then rallied up but was pushed back downward to close near the open.

Shooting Star Candlestick

Technical Analysis of Shooting Star Candlestick

A sell is confirmed when a candle closes below the neckline, this is the opening of the candle on the left side of this pattern. The neck line in this case is a support zone.

Stop orders for the sell stocks trades should be set a few pips above highest stock price on the recent high.

The Shooting Star is named so because at the top of an upward market stock trend this stock candle pattern looks like a shooting star up in the sky.