I'm trying to understand the difference or similarity between an inverted hammer and a shooting star in technical analysis. Are they the same or do they have distinct characteristics?
7 answers
Daniele
Thu Feb 06 2025
A shooting star forms following a period of price advancement.
SumoHonorable
Thu Feb 06 2025
The distinction lies in the context of their appearance.
Maria
Wed Feb 05 2025
Both candlestick patterns provide crucial insights into market sentiment.
lucas_clark_artist
Wed Feb 05 2025
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CryptoMystic
Wed Feb 05 2025
It signifies a possible reversal to lower prices.