SHOOTING STAR & INVERTED HAMMER PATTERN

WELCOME TO PROFITABLE DECISIONS

 IF YOU LEARN CANDLE STICKS & PRICE ACTION , THEN YOU WILL NOT BE ANY INDICATORS IN TRADING.

TODAY IS GOING TO TELL YOU ABOUT STRONG BEARISH CANDLE STICKS PATTERN.

LET'S START THIS POST -

SHOOTING STAR PATTERN

 BENEFITS -

THIS HAMMER CANDLE STICKS PATTERN FROM EASYILY PROFIT.

THE DAY YOU LEARN YOU PRICE ACTION , YOU WILL NOT BE BECOMING A BIG PROFIT.

YOU CAN BACK TEST IN ANY CHART & SEGMENT {MCX, NSE, BSE ,NCDEX, CURRENCY & OTHER}

YOU CAN ANY TIME FRAME IN CHART.

IN THIS HAMMER CANDLESTICKS PATTERN ARE 99% ACCURACY WITH PROFIT.

NOTES :  IF YOU TAKE ANY TRADE, THEN TAKE CARE OF THEM

1. ACCORDING TO THE MARKET CAN BULLISH OR BEARISH.  

2. NO MORE GREED IN THIS. 

3. YOU ALWAYS HAVE TO GO ON STOP LOSS TRAIL SO IF THE MARKET REVERSE, THEN YOU EXIT WITHOUT LOSS.

4. IF THE MARKET SIDEWAYS THEN YOU HAVE TO WAIT.

5. DO THIS TECHNICAL ANAYSIS FOLLOW.

 

EXPLAIN


1.THIS IS SINGLE CANDLE STICKS PATTERN.

2.THIS PATTERN IS SEEN IN UPTREND.

3. THIS PATTERN GOES DOWNTREND AFTER IT IS UPTREND.

4.HAMMER CANDLE MEANS SUPPLY.

5.THIS MEANS IT IS VERY SELLERS. 

6. INVERTED HAMMER IS SHOOTING STAR PATTERN.

LET'S START TO TRY UNDERSTAND SHOOTING STAR CANDLE -

INVERTED HAMMER RECOGNIZE -


1. BEFORE  THE INVERTED HAMMER PATTERN  STOCK MUST BE IN UPTREND.

2.THE COLOUR OF THE CANDLE IS NOT IMPORTANT, THE PERVIOUS TREND SHOULD BE UPTREND.

3.CANDLE BODY HAVE SMALL REAL BODY & LONG UPPER SHADOW.

4.THE LONG UPPER SHADOW RATIO SHOULD BE 1:2

5. INVERTED HAMMER UPPER SHADOW MUST BE DOUBLE OR MORE THEN CANDLE REAL BODY.

5. INVERTED HAMMER EXAMPLE -

INVERTED HAMMER

INVERTED HAMMER CANDLE SHAPE -

INVERTED HAMMER CANDLE SHAPE OF LIKE A REVERSAL HAMMER & IT IS STRONG BEARISH CANDLE.

IN SIMPLE LANGUAGE WE CAN SAY INVERTED HAMMER & MAKE THIS CANDLE ANYWHERE YOU SHOULD ONLY FOR SELL TRADE. 

THE MAKE INVERTED HAMMER CANDLE MAKE AFTER POSSIBILITY OF MARKET BEING DOWNTREND. 

INVERTED HAMMER CANDLE -

HOW MAKE HAMMER CANDLE PATTERN & HOW CAN WORK ?

INVERTED HAMMER CANDLE IS WHEN THE MARKET IS IN UPTREND. ONE DAY MARKET IS UPTREND, BUT THEN SAME DAY THE NUMBER OF SELLERS (BEARISH) IS INCREASE, AND THE MARKET CONTROL OF SELLERS.

THE MARKET OPEN PRICE  OF MARKET GETS AROUND ITS CLOSING PRICE.

FOR THIS EXAMPLE -

SHOOTING STAR PATTERN

INVERTED HAMMER EFFECT -

1. AFTER INVERTED HAMMER CANDLE VIEW IN UPTREND, WE CAN EXPECT THAT THE MARKET IS LIKELY TO BE BEARISH. MARKET CAN NOW REVERSAL AND BEARISH IS NOW CONTROL ON MARKET & THE MARKET IS IN DOWNTREND.

2. THE CANDLE COLOUR IS NOT IMPORTANT, BUT STOCK PREVIOS TREND IS UPTREND.

STOCK SHOULD BE RATIO 1:2 & SMALL REAL BODY AND LONG UPPER SHADOW IN SHOULD BE RATIO 1:2.

  INVERTED HAMMER TRADING ACTION -


1. INVERTED HAMMER IS A BEARISH CANDLE  SO MARKET IS BEARISH.AND EXPECT BE MARKET WILL CONTINUE IN BEARISH SIDE.

2. WE ARE TRADE POSITION IN INVERTED HAMMER OF LOW PRICE AND CAN DO INVERTED HAMMER CANDLE LOW PRICE BELOW IN SELL POSITION.

3. TAKE THIS TARGET 1:2 OF PROFIT BOOK.

4. STOP LOSS (S/L) SHOULD BE INVERTED HAMMER CANDLE HIGH.

IF YOU ARE A RISK TRADER THEN CANDLE CONFIRMATION WITH IT IS SELL ORDER PLACE.

BUT IF YOU ARE NOT A RISK TRADER THEN CANDLE CONFIRM AFTER SHOULD YOU DO THIS SELL ORDER PLACE.

TRADING SETUP -

1. SELL PRICE = CLOSE PRICE OF INVERTED HAMMER
2.STOP LOSS [S/L] = HIGH PRICE OF INVERTED HAMMER CANDLE
3.TARGET = TAKE THIS TARGET 1:2 & ABOVE.

THANK YOU!!!!