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Shooting Start

Sunday, February 21, 2010

Shooting star pattern is a candlestick shape similar to the hammer, but the picture upside down, a long tail on the body below.

This pattern is usually formed on the up trend movement is going on and reflects the increase in value of market prices, but traders pushed the price the seller turned down.

Shooting star pattern is also an early reversal signals a strong trend, a trend of moving up, and just as comfortable hanging, shooting star patterns also require subsequent confirmation candle before we intend to release our position


Sabahat Ali said...

Great post! yesterday i found another great post about forex Here is the link
Forex Trading Journal

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