Shooting Star Indices Candlesticks Pattern

Reversal Candlesticks Indices Chart Patterns: Bearish Indices Candlesticks Patterns

Shooting Star Indices Candlesticks Pattern is a bearish reversal stock indices 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 indices price is the same as the low - and stock indices price then rallied up but was pushed back down to close near the open.

Shooting Star Indices Candlesticks Pattern Reversal Candlesticks Indices 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 indices candlesticks pattern, this is the opening of the indices candlesticks on the left side of this stock indices candlesticks pattern. The neckline in this case is a support level.

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

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