shooting star candlestick pattern

Introduction to Shooting star pattern.

Shooting star candlestick pattern ko bearish pattern bhi kehty hain. Yeh pattern long bullish Trend ke top per resistance level ki qarib banta hai. Yah pattern candlestick Se Mil kar banta hai.
Shooting star candle stick pattern aik trend reversal pattern ha . Yeh pattern long bullish trend k top par resistance level k qareeb banta ha. Ye pattern currency pairs and commodities k price
chart mein commonly banny wala pattern ha. Yeh pattern previous long bullish trend mein buyers k strong pressure k end hony ka and market ka control sellers k pas jany ka btata ha.
Candlestick pattern boht commonly nazar any wala pattern ha forex trading k andr.


Importance of shooting star candlestick pattern.

Shooting star candlestick pattern ki mazeed confirmation k liye is ko technical indicator k sath combination mein istemal keya jaye. Agr relative strength index indicator ko is pattern k sath
combine mein use karen tou RSI is patter ki formation k doran RSI overbought area level 70 sy above mein ho aur complete hony k bad new candle par RSI 70 k level ko cross down kar rahi
ho tou tab he trade ko sell ki trade active karni chaiye.


Explanation of Shooting star candlestick .

1. Ist pattern mein first candle day 1 ki long real body bullish ki candle banti ha jo buyer ka market par strong hold ko show krti ha. Shooting star candlestick pattern mein
second candle day 2 small real body ki bullish bearish candle banti ha.

2. Second candle ka gap up k sath open hona boht zaruri ha. Yeh candle buyers and sellers k darmeyan indecision ka btati ha. Is pattern mein third candle day 3 long real body ki bearish candle banti ha.

Re: Shooting star candlestick pattern

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Shooting Star Candlestick

Shooting star kisi bhi range ki single session candlestick, jo aik up-trend ke bilkul oopar zahir hota hai. Ye candle prices k top par aik strong resistance level banati hai, jiss k baad market main bears active hona shoro ho jate hen. Ye candle trend reversal ki nishan-dahi karta hai, candle k real body k upper shadow aik ishara hai, keh buyers ne prices ko ooper le jane ki koshish ki, lekin din k ikhtetam k baad wo nakaam ho jate hen. Kuch chartists ke mutabiq, shooting star ko pechle session ke ekhtataam ke waqfay ke sath bhi paish kya jana chahiye. Shooting star ka oopri saya is ke real body ki lambai se kam az kam dugna hona chahiye.

Candles Formation

Shooting star candlestick dekhen main dosre candles jaisi dekhaye deti hai, lekin prices k top par ya bullish trend main banne ki waja se aik strong bearish trend reversal ka kaam karti hai. Candle prices ko upper side par reject karti hai, jiss se maojoda trend badal jata hai. Ye aik single candle pattern hai, jiss ki formation darjazzel tarah se hoti hai;



Shooting Star Candle: Shooting star candlestick aik small real body wali candle hai, jiss k upper side par aik long shadow hota hai. Candle ka shadow candle k real body ka dungna ya uss se bhi ziada hota hai. Jab k candle k lower side par koi shadow nahi hona chaheye, lekin agara banta bhi hai, to bohut ziada large size main nahi hona chaheye, jiss se candle ki formate tabdeel hone ka hadsha ho.

Explanation

Shooting star candlestick aik small real body wali single candle pattern hai, jo k upper side par aik lamba shadow ya saya rakhti hai. Candle ka saya hamesha candle ki real body se ziada hoti hai. Candle k baane ki pechay ki psychology kuch yon hoti hai, k jab bhi aik session ya aik din k dowran prices pehle upward movement karne k baad wapis apne open price k qareeb a kar close ho jati hai, jiss se candle k upper side par aik lamba shadow ya saya ban jata hai. Ye candle normal price chart par ziada moasar sabit nahi hoti hai, lekin candle ka trend k top par high price area main banne par bearish trend reversal ka kaam karti hai.

Trading

Shooting star trading main sell ka signal genrate karti hai, jiss par market main confirmation k baad entry ki ja sakti hai. Candle ka long timeframe main hona zarori hai, jab k confirmation candle ak lazmi bearish real body main hona chaheye, jab k sath sath bearish candle ka shooting star candle k lower par bhi close honi chaheye. Ye single candle pattern hone ki waja se indicator se bhi trend confirmation lena zarori hai, jaise RSI, MACD, CCI indicator aur stochastic oscillator par value overbought zone main hona chaheye. Candle k baad bullish candle banne ki sorat main trade entry nahi karni chaheye. Candle par Stop Loss sab se top position ya candle k high price jo k trend k leye resistance zone banta hai, se two pips above set karen.