❇️Inverted Hammer vs. Shooting Star 🏹🔨
🎯 Bullish or Bearish? Don't Get Confused by These Twin Patterns!
✳️Sometimes, two candlestick patterns look exactly the same but have totally different meanings based on where they appear. Today, let’s talk about the Inverted Hammer and the Shooting Star! 📉📈
The Shape: Both have a small body at the bottom and a long upper wick (at least 2x the body).
1. The Inverted Hammer (The Recovery Sign) 🔨
✳️Where it appears: At the bottom of a Downtrend.
✳️What it means: Buyers are starting to test the waters! Even though the price closed near the open, the long upper wick shows that there was significant buying pressure during the session.
✳️Sentiment: Bullish Reversal 🚀 (The bulls are waking up!)
2. The Shooting Star (The Warning Sign) 🏹
✳️Where it appears: At the top of an Uptrend.
✳️What it means: This is a trap! Buyers pushed the price high, but sellers came in strongly and crashed it back down to the opening level.
✳️Sentiment: Bearish Reversal 🐻 (The party might be over!)
💡 Pro Trading Tip:
Never jump in as soon as you see these! Always wait for Confirmation.
✳️For an Inverted Hammer, wait for the next candle to close above its high.
✳️For a Shooting Star, wait for the next candle to close below its low.
🙂Have you ever been caught in a "Shooting Star" trap? Share your experience below! 👇
#CryptoTrading #TechnicalAnalysis #ChartPatterns #TradingTips #CryptoEducation💡🚀 $BTC
