Shooting Star Candlestick pattern:
A shooting star candlestick is considered a bearish reversal candlestick pattern that occurs at the top of an uptrend.
Resist from temptation and calculate Risk Reward ratio before you trade
– Antoroy
Shooting Star is what it sounds like.
When a shooting formation is created, the open, low, and close are all about the same. There is a long upper shadow (three times as long as the real body), forming a shooting star shadow that is at least three times as long as the real body.
Trading strategy for shooting star candlestick:
In a trend reversible pattern, shooting star candlestick pattern trading strategy is a bearish reversal candlestick pattern that indicates the possibility of a trend change in forex and stock markets. The Shooting Star Candlestick Pattern Trading Strategy is more reliable at resistance levels.
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