Is the Shooting Star a hammer?

Shooting Star summary You can see that the Shooting Star is the exact opposite to the Hammer. The construction and psychology are exactly the same but in reverse. It is a single candlestick in a rising market with a long upper shadow and a small real body at the bottom end of the candle’s range.

What is a shooting star pattern?

Shooting star patterns emerge after a stock rises, suggesting an upper shadow. The shooting star candlestick is the complete opposite of the hammer candlestick in that it rises after opening but ends at about the same level as the trading period. The apex of a price trend is indicated by a shooting star pattern.

Who are Shooting Star?

Shooting Star has been the leading importer of shotgun cartridges into the UK for over 30 years. Offering a wide range of products to suit all demands and requirements for the modern day shooter. We are proud to offer shooters cartridges for entry level clay loads through to top level competition loads to ensure there are cartridges for all.

What is a shooting star candlestick pattern?

The shooting star candlestick is the complete opposite of the hammer candlestick in that it rises after opening but ends at about the same level as the trading period. The apex of a price trend is indicated by a shooting star pattern. Should You Be Using Candlestick Patterns?