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/

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.

By Stock Chat

where the coffee is hot and so is the chat

6 thoughts on “Shooting star candlestick easy explanation”
  1. Avataaar/Circle Created with python_avatars Mukhtar Al-Jawhari says:

    So you use daily time frame right?

  2. Avataaar/Circle Created with python_avatars Okonnah Bassey says:

    So

  3. Avataaar/Circle Created with python_avatars Shrikanth Havaleppagol says:

    Thanks sir , love from India โค

  4. Avataaar/Circle Created with python_avatars David Ibiyemi says:

    Thanks Sir

  5. Avataaar/Circle Created with python_avatars Auwal Auwal Umar says:

    Sir please do make a lecture about Martingale strategy

  6. Avataaar/Circle Created with python_avatars Auwal Auwal Umar says:

    Thanks you sir I really enjoyed your lecture โค

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.