Bullish Commodity Candlestick Patterns & Bearish Commodity Trading Candle Patterns

Shooting Star Bearish Commodities Trading Candle Patterns

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

Difference is that inverted hammer is a bullish reversal trading pattern while shooting star is a bearish reversal trading pattern.

Upward Commodity Trading Trend Reversal - Shooting Star Candles

Downward Commodity Trading Trend Reversal - Inverted Hammer Candles

Inverted Hammer Candlestick Pattern and Shooting Star Candlestick Pattern Commodity Trading Chart Patterns

Inverted Hammer Commodity Candle

This is a bullish reversal candle pattern. It occurs at the bottom of a Commodity Trading trend.

Inverted hammer forms at the bottoms of a down commodity trend & indicates the possibility of reversal of the downwards Commodity Trading trend.

Inverted Hammer Commodity Candle

Technical Analysis of Inverted Hammer Commodity Trading Candlestick

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

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

An inverted hammer is named so because it indicates that the commodities market is hammering out a bottom.

Shooting Star Candlestick

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

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

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

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