Trading With Hammer and Shooting Star Candlestick Patterns.

- By Scan a Trade

Disclaimer : For Educational purpose only

Learn more

Hammer:

  • Bullish Reversal pattern
  • Forms at the end of Downtrend
  • Forms when buyers dominate sellers

  • Hammer On strong Support
  • Large Volume candle indicating stong buyers

  • Hammer On Ema 20
  • Hammer can also act as bullish continuation pattern when in strong uptrend

  • Hammer On Trendline
  • Also acting as bullish continuation pattern after hitting trendline

Shooting Star:

  • Bearish Reversal pattern
  • Forms at the end of Uptrend
  • Forms when sellers dominate buyers

  • Shooting Star on Strong Resistance
  • Works Great when large volume is also supporting sellers

  • Shooting Star on Ema 20
  • This candlestick pattern can also act as bearish continuation pattern after a strong sell move

  • Shooting Star on Trendline
  • Similary acting as bearish continuation pattern after hitting trendline

We publish similar Informational Content on our website

Learn More