Why do you place all those sell orders?
Why do you place all those sell orders ?
Why not only 1 or 2 sell orders for each chart ?
How do you make to not hit the stop loss sometimes ?
because candlestick shows sell
because There are many trade chance
when price “close” and move stop loss then not hit the stop loss
I mean lower low or higher high close then move stop loss.
Inverted Hammer and Shooting Star
Many of the single candlestick patterns look similar to the traders.
But most of the identical patterns have opposite meanings.
So, it is very important for the traders to know them and differentiate them.
Inverted hammer and shooting star have identical looks and these two single patterns are commonly seen in the market graphs.
It is very important for the traders and experts to differentiate them for making any predictions about the market trends.
The inverted hammer and shooting star also look identical.
The only difference between them is whether you’re in a downtrend or uptrend.
Both candlesticks have little bodies (filled or hollow), long upper shadows and small or absent lower shadows.
The inverted hammer occurs when price has been falling suggests the possibility of a reversal.
Like hammer, the inverted hammer also comes after a downtrend.
Its long upper shadow shows that buyers tried to bid the price higher.
Since the sellers weren’t able to close the price any lower, this is a good indication that everybody who wants to sell has already sold.
The shooting star is a bearish reversal pattern that looks identical to the inverted hammer but occurs when price has been rising.
So, if any inverted hammer is seen after an uptrend, it is definitely a shooting star.
Its shape indicates that the price opened at its low, rallied, but pulled back to the bottom.
This means that buyers attempted to push the price up, but sellers came in and overpowered them.
This is a definite bearish sign since there are no more buyers left in the market.
The reversal patterns indicate that the trend can be changed after the sign or it can stay the same and go parallel.
So, before taking a decision more precise signs are needed while dealing with a trend.