Inverted Hammer Candlesticks and Shooting Star Candlesticks

Bullish CFDs Candle Patterns & Bearish CFDs Candlestick Patterns

Inverted Hammer Candle Pattern and Shooting Star Candle 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 cfds market trend (star) or the bottom of a cfds market trend (hammer).

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

Upward CFD Trend Reversal - Shooting Star Candlesticks

Downward CFD Trend Reversal - Inverted Hammer Candlesticks

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

Inverted Hammer CFDs Trading Candle

This is a bullish reversal candlestick pattern. It forms at the bottoms of a CFD trend.

Inverted hammer occurs at the bottom of a down cfd trend & indicates the possibility of reversal of the downward cfds trend.

Inverted Hammer CFDs Candlestick

Technical Analysis of Inverted Hammer CFDs Trading Candle

A buy is completed when a candlestick closes above neck-line, this is opening of the candlestick on leftside of this pattern. The neck line region in this acts as a resistance zone.

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

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

Shooting Star Candlestick

This is a bearish reversal candlestick pattern. It forms at the top of a market trend.

It occurs at the top of an up cfd trend where the open cfd price is same as the low and cfd 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 completed when a candle-stick closes below the neckline, this is opening of the candle stick on the left side of this pattern. The neck line in this case is a support zone.

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

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