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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