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The Candlestick Corner All about candlesticks. Moderated by brownsfan019.

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Old 04-23-2016, 12:22 PM   #1

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Same As Shooting Star but Different Signal?

How can an inverted hammer in a downtrend be considered a bullish reversal signal...and a shooting star in an uptrend be considered bearish reversal signal?

They are the same candlestick.



http://stockcharts.com/school/doku.p...invertedhammer
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Old 04-24-2016, 11:04 PM   #2

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Re: Same As Shooting Star but Different Signal?

I guess trend reversal will depend on the confirmation candle...same thing with a hammer or a hanging man.
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