Shooting Star Stocks Candle Pattern

Shooting Star Stocks Candle Pattern

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

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

Shooting Star Stocks Candle Pattern Reversal Candlestick Stock Chart Patterns: Bearish Stocks Candle Patterns

Technical Analysis of Shooting Star Stock Candles Patterns

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

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 candlestick is named so because at the top of an upward stock market trend this stock candle pattern looks like a shooting star up in the sky.