Shooting Start

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

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.



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Candlestick Dictionary Hammer

Hammer / Umbrela

Hammer pattern is formed with its closing price values formation, is above the opening price or a value far above its low price, there is usually a long tail of under candlesticknya body and tail lengths on average 2 times longer than body candlenya.

Hammer pattern is usually formed at the base of downtrends movement is happening, this pattern reflects the decrease in the strength of sales traders who want to suppress the market prices, while traders turned to encourage the buyer to price the value of the value until the closing price on the value of the opening price or distance above the lowest price.