Shooting Stars (dark or white) are very dependent upon the price action after the Shooting Star to give a trade signal when combined with the Shooting Star.
The body of Shooting Stars (dark or white) are more often than not above the bodies of the prior price action...Whereas the body of Dark Inverted Hammers tend to be within range (among and/or below) the bodies of the prior price action.
Shooting Stars are not trade signals all by themselves (not reliable) although many will test and trade them as such. Whereas the Inverted Hammer (dark) is dependent upon the price action before the Dark Inverted Hammer to give a trade signal when combined with the Inverted Hammer.
White Inverted Hammer are a little different. They behave very similar to Shooting Stars...Depedent upon the price action that occurs after to give it trade signals.
Shooting Stars are bearish reversal signals.
Inverted Hammers are bearish continuation and bearish reversal signals...the reliable ones. Inverted Hammers as bullish reversal signals (books, online resources and computer software codes)...Unreliable ones (low probability) trade signals.
Inverted Hammers are not trade signals all by themselves (not reliable) although many will test and trade them as such.
You should notice the key words above is the price action that occurs either before or after. That's what this thread is all about and I'm only discussing a few reliable patterns...Avoiding the common unreliable stuff which in turns keeps away most that don't believe candlesticks are reliable because I know what they have tested and traded.
By the way...I'm not discussing any in-depth details about White Inverted Hammers nor Shooting Stars (dark or white) in this thread.
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