Shooting Star Stock Candlesticks Pattern

Shooting Star Stocks Candles Pattern

Shooting Star Stocks Candles Pattern is a bearish reversal stocks candles pattern. It forms at the top of a stocks trend.

Shooting Star Stock Candles Pattern occurs at the top of a stock upward stock trend where the open stocks price is the same as the low - and stocks price then rallied up but was pushed back downward to close near the open.

Shooting Star Stock Candles Pattern Reversal Stock Candlesticks Patterns: Bearish Stock Candlesticks Patterns

Stock Trading Analysis of Shooting Star Stock Candlesticks Patterns

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

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

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