Indices Trade Shooting Star Candles Pattern Indices Signal

Shooting Star stock indices candles pattern is a bearish reversal candle pattern. It occurs at top of a market trend.

Shooting Star stock indices candlesticks pattern occurs at the top of an upwards indices trend where the open stock indices price is same as the low & stock indices price then rallied up but was pushed back downward to close near the open.

Indices Trade Shooting Star Candles Pattern Indices Signal?

Technical Analysis of Shooting Star Stock Indices Trading Candle Pattern

A bearish reversal sell is confirmed when a candle closes below the neck line, this is opening of the candlestick on left side of this shooting star pattern. Neckline in this case is a support zone.

Stop orders for the sell stock indices trades should be set a few pips above highest stock indices price on the recent high once a trader decides to open trades based on this shooting star stock indices candles pattern. The Shooting Star stock indices candlesticks pattern is named so because at the top of an upward indices trend this indices candle pattern looks like a shooting star up in the sky.