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The «shooting star» and «inverted hammer» patterns (Figure 1) don’t belong to strong reversal patterns.
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The criteria of the shooting star and inverted hammer patterns:
- The real body is small and is at the lower end of the trading range. The color of the body is not important.
- The upper shadow is long.
- There should be no lower shadow or a very small lower shadow.
- The real body of an ideal «shooting star» / «inverted hammer» forms a gap against the real body of the preceding candle but this gap isn’t essential.
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Figure 2. Example of the pattern
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+7 (495) 710-76-76
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© 1998—2008 «Alpari» |
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