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

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

Inverted Hammer Candlestick Pattern and Shooting Star Candle 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 the inverted hammer candlestick is a bullish price reversal setup while shooting star pattern is a bearish price reversal trading pattern.

Upward Trend Reversal - Shooting Star Candlesticks

Downward Trend Reversal - Inverted Hammer Candlesticks

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

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

Inverted Hammer Candle

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

Inverted hammer occurs at the bottom of a downtrend and shows the possibility of price reversal of the downward trend.

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

Inverted Hammer Candlestick

Analysis of Inverted Hammer Candlestick Pattern

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

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

An inverted hammer candlestick is called & named so because it shows that the market is hammering out a bottom.

Shooting Star Candlestick

This is a bearish market reversal candle 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 upwards but was forced and pushed back downward to near the open.

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

Shooting Star Candlestick

Trading Analysis of the Shooting Star Candlestick Pattern

A sell is completed when a candle closes below neckline, this is opening of the candle on left side of the 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 & called so because at the top of an upwards market trend this candlestick pattern resembles a shooting star up in the sky.

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