Hong Kong
2024-12-24 14:55
Industry6⃣Shooting Star & Inverted Hammer (Reversal Patterns) 🌠
🔹Shooting Star: A bearish reversal pattern that forms during an uptrend. It has a small body near the bottom with a long upper wick, indicating that although buyers initially pushed the price higher, sellers took control and pushed the price down by the close.
🔹Inverted Hammer: A bullish reversal pattern that forms during a downtrend. It has a small body near the bottom with a long upper wick, suggesting that buyers are beginning to take control after a period of selling.
Key Point: These patterns are stronger when they appear after a strong trend and are confirmed by the following candle. The Shooting Star indicates a potential top, while the Inverted Hammer signals a possible bottom.
Example: A Shooting Star after an uptrend suggests that the price might start to fall, while an Inverted Hammer after a downtrend suggests that a price reversal to the upside might be starting.
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6⃣Shooting Star & Inverted Hammer (Reversal Patterns) 🌠
Hong Kong | 2024-12-24 14:55
🔹Shooting Star: A bearish reversal pattern that forms during an uptrend. It has a small body near the bottom with a long upper wick, indicating that although buyers initially pushed the price higher, sellers took control and pushed the price down by the close.
🔹Inverted Hammer: A bullish reversal pattern that forms during a downtrend. It has a small body near the bottom with a long upper wick, suggesting that buyers are beginning to take control after a period of selling.
Key Point: These patterns are stronger when they appear after a strong trend and are confirmed by the following candle. The Shooting Star indicates a potential top, while the Inverted Hammer signals a possible bottom.
Example: A Shooting Star after an uptrend suggests that the price might start to fall, while an Inverted Hammer after a downtrend suggests that a price reversal to the upside might be starting.
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