Shooting Star Commodity Candles Pattern

Shooting Star Commodity Candles Pattern

Shooting Star Commodity Candlesticks Pattern is a bearish reversal commodity candles pattern. It forms at the top of a commodities trend.

Shooting Star Commodity Candlesticks Pattern occurs at the top of a commodity upward trend where the open commodities price is the same as the low - and commodities price then rallied up but was pushed back downwards to close near the open.

Shooting Star Commodities Candlesticks Pattern Reversal Commodity Trading Candlesticks Patterns: Bearish Commodity Candles Patterns

Commodities Technical Analysis of Shooting Star Commodity Trading Candles Patterns

A sell is confirmed when a commodity candlesticks closes below the neckline of this shooting star commodity candlesticks pattern, this is the opening of the commodity candlesticks on the left side of this commodity candles pattern. The neck line in this case is a support zone.

Stop loss orders for the sell commodities trades should be set a few pips above highest commodities price on the recent high.

The Shooting Star commodity candlesticks is named so because at the top of an upward commodity trend this commodity candlesticks pattern resembles a shooting star up in the sky.