Trading With
Hammer and Shooting Star
Candlestick Patterns.
- By Scan a Trade
Disclaimer : For Educational purpose only
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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
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