Inverted Hammer and Shooting Star Candlesticks Explained in Easy Way | Anand Gautam

Title: Inverted Hammer and Shooting Star Candlesticks Explained in Easy Way | Anand Gautam
1. *Inverted Hammer:*
- Think of it like this: Imagine a candlestick with a small body at the top and a long lower shadow. It looks like a hammer, but upside down.
- What it tells us: This pattern often shows up when there's been a downtrend. It suggests that buyers tried to push the price lower, but they weren't successful. It might indicate a potential reversal, meaning the price could start going up soon.
2. *Shooting Star:*
- Picture a candlestick with a small body at the top and a long upper shadow. It's like a star falling from the sky.
- What it tells us: This one usually appears after an uptrend. It suggests that even though the price went up during the day, sellers managed to push it down by the end of the day. It could signal a possible trend reversal, indicating the price might start going down.
In simple terms, both patterns give us hints about possible changes in the direction of the price movement. The inverted hammer hints at a potential upward move after a downtrend, while the shooting star suggests a possible downward move following an uptrend.
🔔 Don't miss out on future trading gems! Hit that notification bell to stay one step ahead in your trading journey!
👍 Are you ready to improve your trading skills? Give us a thumbs up and subscribe to the TradeTacticsExpert channel for valuable trading tips and insider knowledge!
✅ Subscribe now and join the ever-growing community of traders who are revolutionizing the way they approach forex!
---------------------------------------------------------
🔗 Connect with Us!!
📸 Immerse yourself in our trading journey on Instagram: [ ttexpert_of...]
🚀 Join our exclusive trading community on Telegram: [t.me/TTExpertOfficial]
📱 Open this link to join our WhatsApp Community: [chat.whatsapp.com/Lbzn8OEIKwu...]
📧 For partnership opportunities and inquiries, reach out to [[e-mail]]
---------------------------------------------------------
✅| Highest quality signals
📊| Signals with TP, SL, analysis, updates
📈| Guaranteed 1500 pips monthly
📰| Trading Watchlists
📚| Forex courses
🎗️| Support from experienced traders
📩| Analysis on your requests
---------------------------------------------------------
📝 Disclaimer: Trading forex involves risk, and while the potential for profit is substantial, it's essential to approach the market with caution and diligence. Always conduct thorough research and seek professional advice before making trading decisions.
The content on this channel is for educational purposes only. It does not constitute professional advice. Views expressed are those of the creators and not necessarily endorsed by any organization. Viewer discretion advised.
---------------------------------------------------------
Forex trading
Candlesticks
Inverted hammer
Shooting star candlestick
#invertedhammer
#candlestick
#shootingstar
#shootingstarcandle