What is a shooting star candlestick and how do you trade it

Introductions

Assalam O Alaikum kesy hai sab loog umeed krta hu sab khariyt say hugay bat karty hai point ki jab opar ka saaya lamba huta hai neechy ka saya chota hota hai
aur haqeeqi jism chota huta hai to usay shooting star kha jata hai yah upar ki rujhaan ka baad zahir huta hai jab stock shoro huta hai dramayi tor par faida otahta
hai phir is din ki ikhtataam jaha say shuru huta hai usay shooting staar kha jata hai shooting star par ahil hunay ka leye qeemat mein izafay ka dauran aik shama
daan ki tashkeel huni chaheyai aik shooting star ka jism ak din ki sab se ziyada qeemat aur ibtadyei ke darmiyan khala se kam aaz kam do gona wese hona chahiye
asal jism ka nechy koi saya nahi huna chaheyai


What's the Meaning of the Shooting Star?

Mumkina qeemat ki chouti aur ulat jane ki nishandahi karte hue, shooting ke setaaray dekhe ja satke hain. ziyada oonchaiyon ke sath lagataar teen ya ziyada uthnay wali mom btyon ke baad, shooting star candle sab se ziyada mo-asar hoti hai. agarchay haliya mom batian mandi ka shikaar hain, majmoi rujhan ab bhi oopar ki taraf ho sakta hai .

Aik shooting sitara paish qadmi ke baad zahir hota hai aur din bhar charhata rehta hai. pichlle adwaar ki terhan is stock ki bhi zabardast maang hai. taham, jaisay jaisay din barhta hai, farokht aati hai aur qeemat ko dobarah khuli satah par latayen hai, din ke munafe ko khatam kar deti hai. aisa lagta hai ke baichnay walay is data ki bunyaad par, din ke ekhtataam ke baad qabza kar rahay hain

Using the Shooting Star in this manner



Jaisa ke dekha ja sakta hai, stock ki qeemat majmoi tor par oopar ki taraf rujhan ke hissay ke tor par barh rahi hai. shooting star ban'nay se theek pehlay, oopar ka rujhan taiz hojata hai. shooting star ka istemaal karte hue, hum dekh satke hain ke qeemat ziyada khil gayi aur baad mein khulay ( oopri shadow ) ke qareeb band hogayi. aglay din ki band qeemat kam thi, jo qeemat mein kami ke imkaan ki mazeed tasdeeq karti hai. shooting star ki chouti ke bawajood, qeemat aglay mahinay mein girty rahi. aik baar tasdeeqi candle lag jane ke baad, tajir is patteren par tijarat karne par koi bhi lambi position beech sakta hai

Re: What is a shooting star candlestick and how do you trade it

Assalamu Alaikum Dosto!

Shooting Star Candlestick

Shooting star candlestick sirf prices ya market k top par nazar ata hai. Agar aap daily chart par iss ko candle ko dekh lete hen, to yeh mumkin hai keh yeh candle minor prices k up-trend mein reversal jane ki warning degi. Agar shooting star candlestick aik barray real body k candle k baad banti hai, to yeh aam tor par aik strong message hota hai, k iss k baad price high level ya bullish trend ko barqarar nahi rakh sakti hai. Price chart par jab bhi shooting star candlestick banti hai, to uss k baad stock ya assets ki value mein taizi se kami honi chahiye. Jab bhi aik bullish trend k dowran aik din k aghaz par prices pehle upward jati hai, lekin baad main wapis apne aghaz wale position k qareeb a kar close ho jati hai, aik shooting star candle tarteeb deti hai, jiss ka aik small real body k sath upper side par aik lamba shadow hota hai.

Candles Formation

Shooting star candlestick k leye prices k top trend ya bullish trend main hona zarori hai, jab k ye candle bullish trend main akhari candle honi chaheye, jiss ki small real body k sath upper side par aik lamba saya hota hai. Candle ki price chart par darjazel tarah se formation hoti hai;



Shooting Star Candle: Shooting star candlestick aik small real body wali long upper shadow ki candle hoti hai. Ye candle prices k top par banti hai, jiss se market mumkina tawar par trend tabdeel karti hai. Normal price chart par ye candle aik neutral candle hi tasawar hogi, sewaye prices k top par banne k.

Explanation

Shooting star candlestick aik strong indication deti hai, k stock, assets ya currencies k maojooda bullish trend ab yahan par end hone wala hai, jiss se prices ki agli candles bearish trend ki banna shoro hoti hai. Shooting star candles prices k top par aik small real body k sath upper side par long shadow banati hai. Ye candle bullish trend ko mazeed upward jane se rokh kar market k inverse signal deta hai. Ye candle long timeframes main ziada moasar hoti hai, jab bhi kisi stock ya assets ki prices indicator par overbought zone main chali jati hai. Candle ka upper shadow real body k muqabele main dugna ya uss se ziada hona chaheye. Candle k lower side par koi shadow nahi banna chaheye, lekin agar banta bhi hai, to ye real body se size main ziada nahi hona chaheye.

Trading

Shooting star candle normal price chart par koi khas reaction nahi dekhata hai, lekin jab bhi ye prices k top ya bullish trend main banta hai, to ye mumkina bearish trend reversal ka kaam karta hai. Ye candle traders k leye aik bearish signal deta hai, jiss par sell ki entry ki ja sakti hai, jab k dosre technical indicators par iss ko istemal karne par, indicator ka value overbought zone main hona chaheye. Ye candle aik single candle pattern hai, iss waja se trend confirmation k leye bearish real body ki candle k baad hi market main entry karen. Bearish candle ka lazmi shooting star candle k baad lower par close honi chaheye, jab k candle par stop loss ka bhi zaror istemal kia jana chaheye. Stop Loss candle k sab se top position ya shadow k high price se two pips above set karen.