Inverted Hammer Candlestick - Shooting Star Candlestick - Inverted Hammer vs Shooting Star Candlesticks

Inverted Hammer Bullish Candlestick - Shooting Star Bearish Candlestick - Bullish vs Bearish Candles Patterns

Inverted Hammer Candle Pattern & Shooting Star Candlestick Setup candle-sticks look alike. These candlesticks patterns have a long upper shadow and a short body at the bottom. Their fill colour does not matter. What matters is where they appear if at the top of a market trend (star) or the bottom of a trend (hammer).

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

Upward Trend Reversal - Shooting Star Candlesticks

Downward Trend Reversal - Inverted Hammer Candlesticks

Inverted Hammer Candle Setup and Shooting Star Candlestick Setup - Inverted Hammer Bullish Candle Setups

Inverted Hammer Candle Pattern and Shooting Star Candlestick Setup Candles Chart Setups

Inverted Hammer Candlestick

This is a bullish reversal candlestick setup. It occurs at the bottom of a trend.

Inverted hammer occurs at the bottom of a downtrend and indicates the possibility of market reversal of the downward trend.

Inverted Hammer Candle Setup - Inverted Hammer Bullish Candle Setup - Inverted Hammer Bullish Candles Patterns

Inverted Hammer Candlestick

Analysis of Inverted Hammer Candle Pattern

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

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

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

Shooting Star Candlestick

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

It occurs at the top of an uptrend where the open price is same as the low and price then rallied up but was forced back downward to near the open.

Shooting Star Candlestick Chart Setup - Shooting Star Bearish Candles Pattern - Inverted Hammer Bullish Candle Patterns

Shooting Star Candlestick

Technical Analysis of Shooting Star Candle Pattern

A sell is completed when a candlestick closes below neckline, this is opening of the candlestick on left side of this pattern. The neckline in this case is a support level.

Stop orders for the sell trades should be set just a couple of pips above highest price in the recent high.

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

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