Shooting star candlestick pattern in forex trading

Assalamu alaikum dear member kaise hain aap tamam members acche se honge aur apna Kam acche kar rahe honge aaj main aapke sath Ek important topic share karna chahti hun jo aapke suiting star candle pattern ke bare mein hai jo ki ba ba important essentials hai agar aap a successful trader karna chahte hain to aapko trading ke related study complete Karni Hoti hai analysis technical for trading mein bahut jyada help hote hain aur apne decision making ke liye aapko functional information Hasil karne ke liye mauka dete Hain aapko chahie ki aap achcha kam Karen tabhi aap ismein kamyabi Hasil kar sakte hain aapke sath main masjid ki information sharing Karti hun

Resistance level

Dear member shooting cantastic pattern hamesha aapko register level par mil sakta hai agar aap candle research study karna chahte hain to aapko register level with Ek retractable cantastic pattern milati hai jo ki entry lekar achcha profit I banaa sakte hain isliye market mein jabardasti level aap break karte hain to market ka downpand Hota hai level resistance with Ek retreat milati hai jo chemistry modification ki karti hai certification.

What a shooting star

Shooting star I can say basic pattern retreat pattern hota hai jo aapko market mein ek strong ab friend ke baad available Hota hai jab market ka trend upward se downpand ki taraf change ho raha hota hai is chemistry ko full list research karna hoga otherwise up analysis wrong sakte hain

Identifying shooting star

Dear member is a careful pattern A 25 karna aaj ke has hota hai aap is a candle pattern ko silly 25 kar sakte hain chemistry pattern
Stop the loss on the shooting star

Dear member agar aap aur trading mein is a study pattern kar lete hain market mein entry hoti hai to aapko hamesha close chemical pattern ko aap s l set karna chahie kyon ki agar market mein level ko break Kar jaati hai For aap market ho sakti hai

Re: Shooting star candlestick pattern in forex trading

What is Shooting Star Candlestick pattern.?
AoA.
Dear Forex users Umeed krta Hun ky ap sub kahriyat se ho gy our trading se bhurpoor faiada hasal kr rahey ho gy aj ka harama topic bi trading ky bary me hai ( SHOOTING STAR CANDLESTICK PATTERN)


INTRODUCTION.

Dear forex user shooting star candlestick pattern ko bearish ko bearish reversal candlestick pattern bhe kehtay hein jo keh up trend kay top par bhe ban sakta hey yeh candlestick bhe os wakt ban sakte hey jab price open close, low or roughly same price mein hote ho es kay elawa opar ka long wick hota hey Shooting Star.Shooting Star Candle "Umbrella Candle" family se talluq rakhtti hai, jo dekhne main same "Inverted Hammer Candle" jaisi hai, lekin prices ki position completely mukhtalif hota hai, yanni Shooting Star Candle prices k bullish trend ya upper top main banti hai. Shooting Star Candle ki small real body k sath upward side par candle ki aik barri shadow ya wick hotti hai. Shooting Star Candle aggar prices k bottom par bannti hai to ye "Inverted Hammer Candle l" kehllati hai, aur is ki hasseyat bearish trend reversal ki hotti hai, jab k shadow down side par hone ki waja se ye hanging man candle ban jati ha.


THEIR MAJOR KINDS.

Dear forex user shooting star Candlestick pattern ki 2 major kinds hn. Jo nechey describe hn.

1) BEARISH CANDLESTICK.

2) BULLSHIT CANDLESTICK.


BEARISH CANDLESTICK.

Dear forex user bearish shooting star upper side per banti hai es mai resistance level per hamen long shadow wali candle dakhny ko milte hai jaha sy ham sell ki entry ko open karty hain or apna profit book kar lety hain.




BULLSHIT CANDLESTICK.

Dear forex user shooting star ko strong bearish patten bhe samjha ja sakta hey kun shooting star pattern mein bears bulls ko mokamall tor par reject karnay kay kabell hotay hein es ley shooting star ko bearish pattern bhe samjha jata hey kun keh es pattern mein open or low pattern aik he jaisay hotay hein shooting star pattern k low berish pattern bhe samjha jata hey kun keh es pattern mein bears bulls ka mokaballa karnay kay kabell hotay hein laken price ko open price meinlanay kay kabell nahe hotay hein.



TRADING IDENTIFICATION.

Dear forex user shooting star ko identify karna bhoot he easy hai es mai hamen small body or long shadow wali candle dakhny ko milte hai ye candle bullish and bearish dono side mai banti hai ye bullish reversal or bearish reversal dono mai confirmation dety hain jaha sy candle open hoti hai wahen per closing deti hai es ko ham shooting star ka name dety hain tu aye mai ap ko picture ky zariya identify karata hun k shooting star kaisy banti hai..

Re: Shooting star candlestick pattern in forex trading

Assalamu Alaikum Dosto!

Shooting Star Candle

Shooting star candlestick jaise single candles bhi baaz awqat price chart par 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.

Explanation

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.

Re: Shooting star candlestick pattern in forex trading

Shooting Star Candlestick Pattern

Shooting star candle ki aik small real body hoti hai, jis ka lower ki tadaf par aik long tail ya wick hotti hai. Jab k ziadda tar candle k upper ki taraf par koi wick ya shadow nahi banta hai. Agar upper ki taraf par aik small wick ban bhi jayye to bhi acceptable hai, lekin ziada lamba ya real body se size main bara na ho. Ye candle up trend par hone ki waja se hammer candle ki opposite hoti hai.

Pattern ki Pehchan k Rules

1. Shooting star candle aik small real body wali candle hai, jo Umbarella k family se taluq rakhti hai.
2. Candle aik bearish trend reversal ka kaam karti hai, iss waja se qeematon ka pehle se low price area ya bearish trend me hona chaheye.
3. Candle ki upper side par aik lamba shadow ya saya hota hai.
4. Candle k lower side par koi shadow nahi hona chaheye, sewaye aik chote se nose wick k.
5. Candle ka shadow real body se size me dugna ya us se ziada hona chaheye.

Pattern ki Tafseel

Shooting star candle main prices bullish jane k baad wapis open price k pass close ho jati hai, jis par candle ki aik small real body banti hai, aur upper side par aik long shadow ya wick hoti hai. Shooting star candle ki lower -side par wese to koi wick ya showed nahi honna chaheye lekin aggar bann jaye to is se candle k formation par koi assar nahi partta hai. Lekin downside par shadow ziada lamba nahi hona chaheye jis se ye candle "spinning top" candle bann jaye.

Pattern par Trading ka Amal

Shooting star candlestick pattern par entry karne se pehle prices ka top area honna zarori hai, dosra pattern k baad confirmation candle ya koi relaible indicator se help bhi zaror lenni chaheye. Agar long upper shadow candle k baad aik long real body wali black candle banti hai to ye aik strong trend reversal aur market main sell ki entry ki position hogi. Pattern par apne risk k mutabiq stop loss set karen.

Re: Shooting star candlestick pattern in forex trading

Shooting star candlestick pattern,,
ASSLAM O ALAIKUM
SHOOTING STAR say hi ik tragh say hi Falling star candle ki aik little genuine body hoti hai, jis ka lower ki tadaf standard aik long tail ya wick hotti hai. Punch k ziadda tar light k upper ki taraf standard koi wick ya shadow nahi banta hai. Agar upper ki taraf standard aik little wick boycott bhi jayye to bhi satisfactory hai, lekin ziada lamba ya genuine body se size primary bara na ho. Ye candle up pattern standard sharpen ki waja se hammer light ki inverse hoti hai.
trading say hi ik trah say hi shooting star light fundamental costs bullish jane k baad wapis open cost k pass close ho jati hai, jis standard flame ki aik little genuine body banti hai, aur upper side standard aik long shadow ya wick hoti hai. Meteorite flame ki lower - side standard wese to koi wick ya showed nahi honna chaheye lekin aggar bann jaye to is se candle k arrangement standard koi assar nahi partta hai. Lekin disadvantage standard shadow ziada lamba nahi hona chaheye jis se ye candle "turning top" light bann jaye gii....


Candlesticks Formation,,
shooting star say hi ik trah Falling star candle design standard passage karne se pehle costs ka top region honna zarori hai, dosra design k baad affirmation candle ya koi relaible marker se help bhi zaror lenni chaheye. Agar long upper shadow flame k baad aik long genuine body wali dark light banti hai to ye aik solid pattern inversion aur market primary sell ki passage ki position hogi. Design standard apne risk k mutabiq stop misfortune set karen gy
Falling star candle jaise single candles bhi baaz awqat cost outline standard dosre candle diagrams design ki tarah k asarat rakhte hen, hit bhi ye candles costs k top ya base standard bante hen. Falling star light bhi aik single flame design hai, jo k costs k top ya bullish pattern fundamental banti hai. Meteorite flame k aik little genuine body hoti hai, jiss ka upper side standard aik lon shadow banti hai. Ye shadow Shooting star candle ki genuine body ka taqreeban dugna ya uss se ziada hota hai. Meteorite candle ki genuine body k lower side standard koi wick ya shadow nahi banta hai, yanni flame ki genuine body ka lower aik "Bozu" candle hoti hai, lekin agar aik little wick boycott bhi jaye to bhi adequate hai, lekin bohut ziada lamba na ho jiss se light ki hososeyat tabdeel ho jaye.Shooting star single candle honne ki waja se ye zarori nahi hai, k dosre designs k tarah ye candle lazmi kisi aik variety primary ho. Falling star candle bullish pattern principal ya exorbitant cost fundamental banti hai, jis ki data darjazzel tarah se hoti hai tu hi shooting star say hi ik trah say hi ik faida gain ho jay gii....


Shooting star candlestick pattern ki Importence,,
shooting star flame jo k costs k top aur bullish pattern k baad banne standard brearish pattern inversion design ka kaam karta hai, rearranged umbrella family se taluq rakhni wali aik single example candle hai. Ye flame aik little genuine body, jiss ka open aur close same nahi hona chaheye, k sath upper side standard aik long shadow rakhti hai. Flame ka shadow genuine body ka taqreeban dugna ya uss se ziada hota hai. Flame k genuine body k lower side standard aik little si wick to satisfactory hai, lekin ziada lengthi nahi hona chaheye, jiss se light ki hososeyat standard faraq standard jata ho, lekin bagher lower shadow ki ye candle ziada amazing hoti hai. Meteorite flame ki genuine body bullish aur negative dono tarah se ho sakti hai, issi waja se light k leye variety ka hona zarori nahi hai, lekin iss ki position ziada zarori aur aham hai...

Explanation,,
shooting star say hi ik trah say hi ik trad flame jo dekhne primary aik rearranged T jaise lagti hai, costs k top ya bullish pattern principal banne standard negative pattern inversion design ka kaam karti hai. Ye flame negative pattern ya low costs standard banne wali Inverted hammer candle ki tarah hello there hoti hai, lekin costs ki position change hoti hai. Meteorite light ki converse Hanging Man candle hoti hai, jo k same bullish pattern fundamental negative pattern inversion design ka kaam karti hai. Falling star light standard exchange passage se pehle iss ki bullish pattern ya top costs position ka hona bohut ziada zarori hai. Ye aik single example flame sharpen ki waja se exchange k leye bohut riski hai, iss waja se aik negative affirmation light ka hona zarori hai, broker next negative candle standard market primary sell ki passage kar sakte hen. Stop Loss flame ki sab se upper position ya candle ki shadow k top se two pips above set karen gy...
Patteren ki Types,,
shooting star hi say trad say hi star light k banney k pechay ke kahein venders ke market primary costs ko up push karny k koshish karti hy, lekin waqti selling pressure ke wja sy costs wapis negative ja k candle ki aik little body fundamental close hoti hy. Meteorite light dealers or purchasers ki pressure ke wja sy flame k upper side pr aik long shadow boycott jta hy. Falling star flame market primary dealers ke dilchaspi btati hy, es wja sy ye region exchanging k liye wonderful hy. Market fundamental passage karny sy pehly Shooting Star light ka time span or position zyada aham hy, agar long time periods pr yeh candle banti hy, or costs bhi top pattern pr exchange kr rahi ho to yeh position affirmation flame k bd sell k liye thek rahy gi. Affirmation candle ka negative hona zarori hy, kun k yeh pattern inversion ka kaam karti hy.*Stop Loss*pattern k sab sy top position ya Shooting Star light k upper side sy aik do pips upper py set karein, jo costs k liye obstruction level ka kaam kary ga, yeh position flame ka shadow ho sakta hy tu hi shooting star sayt hi trading ho gii....
Trading ka amal,,
shooting star say ik trsh star flame little genuine body wali eik negative pattern inversion light hy, jis k upper side pr aik line shadow hoti hy. Yeh flame dekhney primary same upset hammer light jasi hoti hy.lekin yeh top pattern fundamental banti hy. Altered Hammer candle costs ka bullish pattern inversion ka sabab banti hy. Meteorite candle eik little genuine body k sath a long upper shadow pr mushtamil hoti hy, jis ka shadow taqreban body ke nisbat twofold k barabar hota hy. Falling star k light bullish ya negative dono types ke ho sakti hy, jb k lower side candle k little wick to OK hy lekin zyada lamba na ho, kun k es sy flame Spinning top candle boycott sakti hy. Market ko smjhna simple ho jata hy....

Re: Shooting star candlestick pattern in forex trading

Introduction,,
shooting star say hi ik trah say hello there ik tragh say howdy Falling star flame ki aik minimal veritable body hoti hai, jis ka lower ki tadaf standard aik long tail ya wick hotti hai. Punch k ziadda tar light k upper ki taraf standard koi wick ya shadow nahi banta hai. Agar upper ki taraf standard aik little wick blacklist bhi jayye to bhi agreeable hai, lekin ziada lamba ya certified body se size essential bara na ho. Ye flame up design standard hone ki waja se hammer light ki opposite hoti hai.
exchanging say hello there ik trah say hey falling star light essential expenses bullish jane k baad wapis open expense k pass close ho jati hai, jis standard fire ki aik minimal veritable body banti hai, aur upper side standard aik long shadow ya wick hoti hai. Shooting star fire ki lower - side standard wese to koi wick ya showed nahi honna chaheye lekin aggar bann jaye to is se light k course of action standard koi assar nahi partta hai. Lekin hindrance standard shadow ziada lamba nahi hona chaheye jis se ye candle "turning top" light bann jaye gii....

Shooting star candlestick pattern kia hy?
shooting star say hi ik trah say hello there ik trah Falling star candle plan standard entry karne se pehle costs ka top locale honna zarori hai, dosra plan k baad confirmation candle ya koi relaible marker se help bhi zaror lenni chaheye. Agar long upper shadow fire k baad aik long real body wali dull light banti hai to ye aik strong example reversal aur market essential sell ki entry ki position hogi. Plan standard apne risk k mutabiq stop adversity set karen gy.

Importence of Shooting star,
shooting star star light jaise single candles bhi baaz awqat cost frame standard dosre flame graphs plan ki tarah k asarat rakhte hen, hit bhi ye candles costs k top ya base standard bante hen. Falling star light bhi aik single fire plan hai, jo k costs k top ya bullish example basic banti hai. Shooting star fire k aik minimal authentic body hoti hai, jiss ka upper side standard aik lon shadow banti hai. Ye shadow Shooting star candle ki authentic body ka taqreeban dugna ya uss se ziada hota hai. Shooting star candle ki veritable body k lower side standard koi wick ya shadow nahi banta hai, yanni fire ki authentic body ka lower aik "Bozu" flame hoti hai, lekin agar aik little wick blacklist bhi jaye to bhi sufficient hai, lekin bohut ziada lamba na ho jiss se light ki hososeyat tabdeel ho jaye.Shooting star single candle honne ki waja se ye zarori nahi hai, k dosre plans k tarah ye candle lazmi kisi aik assortment essential ho. Falling star light bullish example head ya excessive expense central banti hai, jis ki information darjazzel tarah se hoti hai tu hello meteorite say greetings ik trah say hey ik faida gain ho jay gii....
Candles Formation,,
shooting star fire jo k costs k top aur bullish example k baad banne standard brearish design reversal plan ka kaam karta hai, adjusted umbrella family se taluq rakhni wali aik single model flame hai. Ye fire aik minimal certified body, jiss ka open aur close same nahi hona chaheye, k sath upper side standard aik long shadow rakhti hai. Fire ka shadow authentic body ka taqreeban dugna ya uss se ziada hota hai. Fire k authentic body k lower side standard aik little si wick to acceptable hai, lekin ziada lengthi nahi hona chaheye, jiss se light ki hososeyat standard faraq standard jata ho, lekin bagher lower shadow ki ye candle ziada astonishing hoti hai. Shooting star fire ki certifiable body bullish aur negative dono tarah se ho sakti hai, issi waja se light k leye assortment ka hona zarori nahi hai, lekin iss ki position ziada zarori aur aham hai...
Explanation,,
shooting star say hey ik trah say howdy ik trad fire jo dekhne essential aik revised T jaise lagti hai, costs k top ya bullish example head banne standard negative example reversal plan ka kaam karti hai. Ye fire negative example ya low costs standard banne wali Inverted hammer candle ki tarah hi hoti hai, lekin costs ki position change hoti hai. Shooting star light ki speak Hanging Man flame hoti hai, jo k same bullish example key negative example reversal plan ka kaam karti hai. Falling star light standard trade entry se pehle iss ki bullish example ya top costs position ka hona bohut ziada zarori hai. Ye aik single model fire hone ki waja se trade k leye bohut riski hai, iss waja se aik negative insistence light ka hona zarori hai, merchant next regrettable candle standard market essential sell ki entry kar sakte hen. Stop Loss fire ki sab se upper position ya flame ki shadow k top se two pips above set karen gy...
shooting star and trading
shooting star say hi say trad say hey star light k banney k pechay ke kahein merchants ke market essential costs ko up push karny k koshish karti hy, lekin waqti selling pressure ke wja sy costs wapis negative ja k flame ki aik little body basic close hoti hy. Shooting star light sellers or buyers ki pressure ke wja sy fire k upper side pr aik long shadow blacklist jta hy. Falling star fire market essential vendors ke dilchaspi btati hy, es wja sy ye district trading k liye brilliant hy. Market essential entry karny sy pehly Shooting Star light ka time frame or position zyada aham hy, agar long time spans pr yeh candle banti hy, or costs bhi top example pr trade kr rahi ho to yeh position insistence fire k bd sell k liye thek rahy gi. Confirmation candle ka negative hona zarori hy, kun k yeh design reversal ka kaam karti hy.*Stop Loss*pattern k sab sy top position ya Shooting Star light k upper side sy aik do pips upper py set karein, jo costs k liye check level ka kaam kary ga, yeh position fire ka shadow ho sakta hy tu hey meteorite sayt greetings exchanging ho gii....
ik trsh star fire minimal certifiable body wali eik negative example reversal light hy, jis k upper side pr aik line shadow hoti hy. Yeh fire dekhney essential same bombshell hammer light jasi hoti hy.lekin yeh top example major banti hy. Changed Hammer candle costs ka bullish example reversal ka sabab banti hy. Shooting star flame eik minimal certifiable body k sath a long upper shadow pr mushtamil hoti hy, jis ka shadow taqreban body ke nisbat twofold k barabar hota hy. Falling star k light bullish ya negative dono types ke ho sakti hy, jb k lower side candle k little wick to OK hy lekin zyada lamba na ho, kun k es sy fire Spinning top flame blacklist sakti hy. Market ko smjhna basic ho jata hy....

Re: Shooting star candlestick pattern in forex trading

dear forex member forex aik worldwide online business hai aur forex trading mein kamyabi hasil karne ke lyiehamarey pass forex market ki movement ki tamam techniques ka tamam knowledge hasil karne ki koshish karni chachie tabhi hum forex trading mein kamyabi hasil kar sakte hain. aj hum shooting star candlestick pattern ke bare mein detail se read karenge.
SHOOTING STAR CANDLESTICK PATTERN
dear member shooting star candlestick pattern aik important technical indicator hai. es indicator ko reversal bearish candlestick pattern bhi kahtey hain yeh pattern zyada tar bullish candlestick ke top bottom per bhi ban sakta hai.yeh top trend ke bottom per bearish reversal pattern bnata hai .yeh pattern es waqt bnta hai jub market mein prices up low ya reversal pattern mein tabdeel ho rhe hn. es pattern ki madad se hamein bearis candle ka pta chalta hai aur hum apni trade ko sell kar apni trade se acha profit hasil kar sakte hain.


TRADING WITH THIS PATTERN
dear member es pattern ko hum umbrella shooting pattern bhi kahtey hain.es pattern ki madad se humko down trend yani sell ke signal milte hain.yeh candlestick jub market mein banti hai tu downward aati hoi bearish candle ki side ways par es ke big shadow banta hai aur es traha hamein pta chal jata hai keh market ka ab down trend start hone wala hai.es pattern ke dauran prices up down ya phir mix mein ja sakti hain aur dangerous trading journal start ho sakta hai tu hamein hamesha soch samajh kar aur proper management ke sath apni trade es pattern per open karni chachie.agar yeh pattern prices ke bottom se start ho rha ho tu es candle ko hum inverted hammer candle kaha jata hai.ab ye candle reverse bearish pattern mein apna big shadow bnati hain.

Re: Shooting star candlestick pattern in forex trading

Dear members umeed hay ap acha earn kar rahay hon gay forex say dear forex men kamyabi tab he mumkin hay jab knowledge acha ho ga to ham ais forum pay aa kar mukhtalif topics pay discuss karty hen jis ki waja say ham knowledge men izafa kar paty hen esi purpose kelye ham (shooting star candle stick pattern) ko discuss karen gay:-

Shooting star candle stick pattern:-

A Shooting Star is a single candlestick pattern that is found in an uptrend. The candlestick can mark a top (but is often retested). A Shooting Star is formed when price opens higher, trades much higher, then closes near its open. This bearish reversal candle looks like the Inverted Hammer except that it is bearish.



How do you trade shooting star in candlestick?

For a candlestick to be considered a shooting star, the formation must appear during a price advance. Also, the distance between the highest price of the day and the opening price must be more than twice as large as the shooting star's body. There should be little to no shadow below the real body.

Is shooting star bullish or bearish?

A shooting star is a type of candlestick pattern which forms when the price of the security opens, rises significantly, but then closes near the open price. A shooting star is a bearish candlestick pattern having a long upper shadow and no lower shadow at all.

Is shooting star pattern reliable?

Psychology of the Pattern

The shooting star candlestick is considered one of the most reliable candlestick patterns. One of the reasons for this is the unique structure – a small body with a high upper candlewick.

Can shooting star be bullish?

The bullish version of the Shooting Star formation is the Inverted Hammer formation that occurs at bottoms. Another similar candlestick pattern in look and interpretation to the Shooting Star pattern is the Gravestone Doji.