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Shooting Star Indices Candlesticks Pattern

Reversal Candlesticks Indices Trading Chart Patterns: Bearish Indices Candlesticks Patterns

Shooting Star Indices Candlesticks Pattern is a bearish reversal stock indexes candlesticks pattern. It forms at the top of a indices trend.


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


Shooting Star Indices Candlesticks Patterns

Shooting Star Indices Candlesticks Pattern Reversal Candlesticks Indices Trading Chart Patterns: Bearish Indices Candlesticks Patterns



Indices Technical Analysis of Shooting Star Indices Candlesticks Patterns

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


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


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

 

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