Hammers and shooting stars: do they still work for you?

The hammer at support and the shooting star at resistance are the first reversal candles beginners learn — and among the first they lose money on. Context and confirmation decide everything.

Hammers and shooting stars: do they still work for you? — support and resistance diagram
Price bouncing between support and resistance

What's your verdict?

  • the conditions under which you trade them
  • the time frames where they hold up
  • the hammer or star that burned you early
Hammers and shooting stars: do they still work for you? — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

The candlestick guide covers both patterns properly.

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