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Shooting Star Candle
Price chart pattern par baaz awqat single candles bhi dosre candlestick charts pattern ki tarah k asarat rakhte hen, jab bhi ye candles prices k top ya bottom par bante hen. Shooting star candle bhi aik single candle pattern hai, jo k prices k top ya bullish trend main banti hai. Shooting star candle k aik small real body hoti hai, jiss ka upper side par aik lon shadow banti hai. Ye shadow Shooting star candle ki real body ka taqreeban dugna ya uss se ziada hota hai. Shooting star candle ki real body k lower side par koi wick ya shadow nahi banta hai, yanni candle ki real body ka lower aik "Bozu" candle hoti hai, lekin agar aik small wick ban bhi jaye to bhi acceptable hai, lekin bohut ziada lamba na ho jiss se candle ki hososeyat tabdeel ho jaye.
Candles Formation
Shooting star single candle honne ki waja se ye zarori nahi hai, k dosre patterns k tarah ye candle lazmi kisi aik color main ho. Shooting star candle bullish trend main ya high price main banti hai, jis ki information darjazzel tarah se hoti hai;
Shooting star Candle: Shooting star candle prices k top main bullish trend main banti hai, jiss k baad bearish trend reversal ho jata hai, to iss waja se ye candle kisi bhi color main ho sakti hai, lekin agar ye bearish ban jaye to ye bearish trend reversal pattern se ziada mutabeqat rakhti hai.
Explaination
Shooting star candle jo k prices k top aur bullish trend k baad banne par brearish trend reversal pattern ka kaam karta hai, inverted umbrella family se taluq rakhni wali aik single pattern candle hai. Ye candle aik small real body, jiss ka open aur close same nahi hona chaheye, k sath upper side par aik long shadow rakhti hai. Candle ka shadow real body ka taqreeban dugna ya uss se ziada hota hai. Candle k real body k lower side par aik small si wick to acceptable hai, lekin ziada lengthi nahi hona chaheye, jiss se candle ki hososeyat par faraq par jata ho, lekin bagher lower shadow ki ye candle ziada perfect hoti hai. Shooting star candle ki real body bullish aur bearish dono tarah se ho sakti hai, issi waja se candle k leye color ka hona zarori nahi hai, lekin iss ki position ziada zarori aur aham hai.
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Trading
Shooting star candle jo k prices k top aur bullish trend k baad banne par brearish trend reversal pattern ka kaam karta hai, inverted umbrella family se taluq rakhni wali aik single pattern candle hai. Ye candle aik small real body, jiss ka open aur close same nahi hona chaheye, k sath upper side par aik long shadow rakhti hai. Candle ka shadow real body ka taqreeban dugna ya uss se ziada hota hai. Candle k real body k lower side par aik small si wick to acceptable hai, lekin ziada lengthi nahi hona chaheye, jiss se candle ki hososeyat par faraq par jata ho, lekin bagher lower shadow ki ye candle ziada perfect hoti hai. Shooting star candle ki real body bullish aur bearish dono tarah se ho sakti hai, issi waja se candle k leye color ka hona zarori nahi hai, lekin iss ki position ziada zarori aur aham hai.
Trading
Shooting star candle jo dekhne main aik inverted T jaise lagti hai, prices k top ya bullish trend main banne par bearish trend reversal pattern ka kaam karti hai. Ye candle bearish trend ya low prices par banne wali Inverted hammer candle ki tarah hi hoti hai, lekin prices ki position change hoti hai. Shooting star candle ki inverse Hanging Man candle hoti hai, jo k same bullish trend main bearish trend reversal pattern ka kaam karti hai. Shooting star candle par trade entry se pehle iss ki bullish trend ya top prices position ka hona bohut ziada zarori hai. Ye aik single pattern candle hone ki waja se trade k leye bohut riski hai, iss waja se aik bearish confirmation candle ka hona zarori hai, trader next bearish candle par market main sell ki entry kar sakte hen. Stop Loss candle ki sab se upper position ya candle ki shadow k top se two pips above set karen.
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