identification shooting star candle stick pattern

what is shooting star candle stick pattern



shooting star candle stick pattern aik bearish trend reversal candle stick pattern hota hey jo keh aik candle stick pattern hota hey jes mein upper long shadow hota hey or lower candle stick aik chote body hote hey yeh bearish pin bar candle stick pattern hota hey
retail trader forex market mein es bat ke paishan goi karte hey currency pair kay assert shooting star candle stick pattern ko identify kartay hein or technical analysis ke sorat mein shooting star candle stick pattern estamal keya ja sakta hey es pattern mein seller control mein he hotay hein or woh forex market ko control mein rakhtay hein or market mein bullish ka trend bearish kay trend mein tabdel ho jata hey


identification shooting star candle stick pattern



3 stages mein shooting star candle stick pattern ko identify keya ja sakta hey


structure


shooting star candle stick pattern aik long shadow or lower kay kareeb aik chote ce body hote hey shadw candle stick ke body ka 70% hona chihay body candle stick pattern ka 40% say nechay hota hey
forex market mein shooting star candle stick pattern say koi farq nahi parta hey green bhe ho sakti hey red bhe ho sakte hey laken total candle stick mein koi farq nahi parta hey


Prior trend


shooting star candle stick pattern mein pehlay trend bullish ka hona chihay market mein es pattern kay ley lazmi shart hey wrong breakout kay sath yeh aik lazme shart hote hey



location candlestick


shooting star candle stick pattern ka complete point of view aik key view or strong resistance level ko identify karta hey chonkeh forex market yeh zahair karay ga market mein price level reject ho jay ga yeh forex market bearish trend kay reversal janay kay ley strong key level ko reject kar daytay hein

Re: identification shooting star candle stick pattern

The shooting star is a bearish candlestick pattern that forms when the price of an asset opens higher than its previous day's close, but then experiences a sudden decline during the trading day. This decline pushes the price of the asset below its opening level, creating a long upper shadow and a small real body at the bottom of the candlestick.
To identify a shooting star pattern, look for the following characteristics:

1. The candlestick has a small real body at the bottom.
2. The candlestick has a long upper shadow.
3. The candlestick has little to no lower shadow.
4. The candlestick opens higher than its previous day's close.

It's important to note that a shooting star pattern is considered more reliable when it occurs after an uptrend, as it suggests a potential reversal in the direction of the asset's price movement. Traders often use the shooting star pattern as a signal to enter short positions or to take profits on long positions.