SierraChart, etc. License renew price will be 20% off for the 2nd year and after. Home»Bearish Patterns»ShootingStar Shooting Star is a bearish trend reversal candlestick pattern consisting of two candles. How to Identify: The first candle is bullish and continues the uptrend; ...
If a Shooting Star pattern is accompanied with aDowntrendor it is in aResistance area, there will be a very good trading opportunity. A very good trading opportunity: Forming a Shooting Star pattern in a downtrend Formation of a new Shooting Star candlestick pattern in a downtrend shows that ...
Another similar candlestick pattern in look and interpretation to the Shooting Star pattern is theGravestone Doji. Where Can I Trade Commodities? If you are interested in trading usingtechnical analysis, have a look at our reviews of our recommended brokers to learn which tools they offer. ...
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Summary A shooting star is a one-day candlestick with an upper shadow at least twice the size of the real body, which appears at a gap above the previous day's trading range. This signals a downturn reversal at the end of the current uptrend. The shooting star is a pattern with a ...
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Lean Hogs: Reversal Pattern to Short? Post author:Marubozu Post published:February 22, 2016 Lean Hog D1 broke the uptrend support with a gap down on last trading day after showing a Shooting Star. 70 is also a strong resistance zone. Good Reward Risk Ratio to short Lean Hogs with target...
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this helps to confirm the pattern. The high of the shooting star wasn't surpassed, and the price moved lower in a sluggish downtrend for the next month. When trading this pattern, the trader might sell their