Reversal Oil Trading Candlesticks Patterns: Bearish Oil Candlesticks Patterns PDF

Shooting Star Oil Candles Pattern

Shooting Star Oil Candlesticks Pattern is a bearish reversal oil candlestick pattern. It occurs at the tops of a crude oil trend.

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

Shooting Star Oil Candlesticks Pattern Reversal Oil Trading Candlesticks Patterns: Bearish Oil Candles Patterns

Oil Technical Analysis of Shooting Star Oil Trading Candles Patterns

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

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

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