Saturday 14 June 2014

Shooting Star Candlestick

The shooting star candlestick pattern occurs in an uptrend. 
It is preceded by a strong up trend.
Identification of Shooting star Candlestick
Shooting star pattern appears in an uptrend.
The long upper shadow
Little or no upper shadow.
The real body is at the upper end of the trading range.

Shooting Star Candlestick

Shooting Star Candlestick



The shooting star appears at an uptrend and might potentially reverse.
Shooting Star Candlestick




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