In this video, you'll learn what is a shooting star candlestick pattern and how it works.
So go watch it now...
** FREE TRAINING **
Stock Trading Secrets:
https://www.tradingwithrayner.com/sts/
** TRADING BOOK **
Price Action Trading Secrets: https://priceactiontradingsecrets.com/
So go watch it now...
** FREE TRAINING **
Stock Trading Secrets:
https://www.tradingwithrayner.com/sts/
** TRADING BOOK **
Price Action Trading Secrets: https://priceactiontradingsecrets.com/
Shooting Star This is kind of like kind of like the inverse of a hammer Candlestick pattern. So I just go a little bit quickly. For Shooting Star, this is the opening price. This is the close of the day.
This is the lowest price point of the day and then this is the highest price point of the day. So this what you can see that the story behind a Shooting Star is just the opposite. This is where during the early part of the day right when the market open the buyers took control and push the price up higher near the highs of the day and then the sellers right say uh uh, that's as far as you're go my friend. And then it pushed the price down lower driving it down near this lows of the day.
So this tells you that the the sellers right are temporarily in control because at the start of the day the buyers tried to push the price up higher but got overwhelmed by the strong selling pressure who then drive the price down lower closing near the lows of the day.
So you use daily time frame right?
So
Thanks sir , love from India โค
Thanks Sir
Sir please do make a lecture about Martingale strategy
Thanks you sir I really enjoyed your lecture โค