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Shooting Start

Sunday, February 21, 2010

Shooting star pattern is a candlestick shape similar to the hammer, but the picture upside down, a long tail on the body below.

This pattern is usually formed on the up trend movement is going on and reflects the increase in value of market prices, but traders pushed the price the seller turned down.

Shooting star pattern is also an early reversal signals a strong trend, a trend of moving up, and just as comfortable hanging, shooting star patterns also require subsequent confirmation candle before we intend to release our position

Hanging Man

Saturday, February 20, 2010

While Candlestick with the same shape but located at the top of the upward movement in the trand called a Hanging Man pattern, shaped like a man hanging himself.

hanging man pattern also provides a trend reversal signal strong (reversal) of a rising trend.
Hanging man formation patterns indicate that the possibility of moving up a trend has reached its peak, and the strength of the buyer traders began to decrease.

Have Nice day !! N' gOOd lUCK ! :)

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