Shooting Star Stock Indices Candles Pattern

Reversal Candlesticks Chart Patterns: Bearish Indices Candles Patterns

Shooting Star Candles Pattern is a bearish reversal stock indices candlesticks pattern. It forms at the top of a indices trend.

Shooting Star Candles 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 trading price then rallied up but was pushed back down to close near the open.

Shooting Star Candles Pattern Reversal Candlesticks Chart Patterns: Bearish Indices Candles Patterns

Indices Technical Analysis of Shooting Star Candles 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 candles pattern. The neckline in this case is a support zone.

Stop loss orders for the sell stock indices trades should be placed a few pips above 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.