Inverted Hammer Commodities Candle Pattern

Inverted Hammer Bullish Commodities Candlestick Patterns

Inverted Hammer Commodities Candle-Stick Pattern & Shooting Star Commodity Candle-Stick Pattern look alike. These have a long upper shadow and a short body at the bottom. Their color does not matter. What matters is the point where they appear whether at the top of a market commodity trend (star) or the bottom of a market commodity trend (hammer).

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

Upward Commodities Trend Reversal - Shooting Star Candlesticks

Downward Commodities Trend Reversal - Inverted Hammer Candlesticks

Inverted Hammer Commodities Candle-Stick Pattern & Shooting Star Commodity Candle-Stick Pattern Commodities Trading Chart Patterns

Inverted Hammer Commodities Candle

This is a bullish reversal candle-stick pattern. It occurs at the bottom of a Commodities trend.

Inverted hammer forms at the bottoms of a down commodity trend and indicates the possibility of reversal of the downwards commodities trend.

Inverted Hammer Commodities Candle

Analysis of Inverted Hammer Commodities Candle

A buy is confirmed when a candlestick closes above the neck line, this is opening of the candle-stick on the left side of this pattern. The neckline point in this case forms the resistance area.

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

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

Shooting Star Candlestick

This is a bearish reversal candlestick pattern. It forms at top of a market trend.

It occurs at the top of an up commodity trend where the open commodities price is the same as the low and commodities price then rallied up but was pushed back downwards to close near the open.

Shooting Star Candle

Technical Analysis of Shooting Star Candlestick

A sell is confirmed when a candlestick closes below the neck line, this is the opening of the candle-stick on the left side of this pattern. The neck line in this case is a support level.

Stop orders for the sell commodities trades should be set a few pips above the highest commodities trading price on the recent high.

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