#B90X - DAY 22 - TECHNICAL ANALYSIS 101 - Shooting Stars & Inverted Hammers!

b90x

#43

bring me that hammer!


#44

I am very glad to revisit this TA.

I might review it again and again as well.


#45

Shooting start and Inverted Hammers indicate potential reversals, but need confirmation. Got it.
I know I have issues with patience , but I am getting better. I get so excited to pull the trigger, and then see the errors of my ways. Paying attention to the simple indicators is sooooooooooo key.


#46

Hammers, hanging men, inverse hammers and shooting stars… Sounds like a weapon and magic set for your favourite Final Fantasy game. Appreciate the further explanation Pete. Like meddling sheep my issue is patience. I like that I am improving my ability to read the charts better and make informed decisions on where the trend is going.


#47

Doing this today, a Saturday, was a really boring day to watch for shooting stars and hammers so I went looking at yesterday’s charts to analyze. I am starting to see where others comment about the trend being organic or manipulated. :nerd_face:


#48

While looking at charts and trying to identify shooting stars and hammers I also realize the benefit of DCA. For those of us who want to feel like we are doing something DCA can act as a release for some of the pent up energy without getting caught up in FUD or FOMO.


#49

I’m on day 22 as well. …correct about DCA as well, at least for me. it feels like a bit of security…


#50

#51

Much respect for you TA guys. This shit is hard.


#52

We see shooting stars cause they are burning as they enter our atmosphere, we see them on trends cause the upward movement is burnt out :sunglasses:


#53

Shooting Star is a bearish reversal pattern
Inverted Hammer is a bullish reversal pattern