Shooting Star Stock Candlestick Pattern

Reversal Candle-sticks Chart Patterns: Bearish Candlestick Patterns

Shooting Star Candlesticks Pattern is a bearish reversal candle-sticks pattern. It occurs at the top of a trend.

Shooting Star Candles Pattern occurs at the top of a upward trend where the open price is the same as the low - & trading price then rallied upward but was forced back downward to close the open.

Shooting Star Candles Pattern Reversal Candle-sticks Chart Patterns: Bearish Candlestick Patterns

Indices Technical Analysis of Shooting Star Candles Patterns

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

Stoploss orders for the sell stock trades should be placed a few pips above highest price in the recent high.

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