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Inverted Hammer and Shooting Star Candles Scan 7 25 2017

Both Inverted Hammer and Shooting Star have the same shape as both candlesticks have long upper wicks and small real bodies. The upper wick should be at least 2 times longer than the body. There should be no lower wick, or at least a very small lower wick. The color of the body is not important, although a white body has slightly more bullish implications and a red / black body has slightly more bearish implications. Inverted Hammer and Shooting Star are reversal patterns which comprised of one candle only. Whether a pattern is bearish or bullish reversal, it depends on whether it is formed at the end of a downtrend (Inverted Hammer) or an uptrend (Shooting Star).

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