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Mastering Reversals: Hammer 🔨 vs. Shooting Star
Recognizing these two candles is a game-changer for spotting trend flips:
The Hammer (Bullish): Found at the bottom of a downtrend. Its long lower wick shows that buyers rejected lower prices and pushed back up. Signal? Potential Trend Reversal Up. 📈
The Shooting Star (Bearish): Found at the top of an uptrend. The long upper wick shows sellers rejected higher prices. Signal? Potential Trend Reversal Down. 📉
Pro Tip: Context is king! Look for these at key Support or Resistance levels for higher accuracy.