If you’re looking to add a new tool to your trading arsenal, the morning star chart candlestick pattern can be an incredibly powerful indicator. When used correctly in conjunction with technical ...
The shooting star candlestick pattern usually occurs after an advance or upward trend in the market and signifies a potential fall in the market. It is important to note that some shooting star ...
A shooting star is a bearish reversal candlestick pattern that indicates a decline is likely following an upward trend. As the schematic image above shows, the exchange rate initially rises as ...
In the 20th century, the introduction of candlestick patterns to Western markets further enhanced their popularity among traders and analysts. Today, candlestick charts are a fundamental tool in ...
There are many different Japanese candlestick patterns, including single, double and triple patterns. Some common examples include doji, hammer, engulfing and morning star.
Most notably, it has now formed a shooting star candlestick pattern, which is characterized by a small body and a long upper shadow. This pattern is one of the most popular bearish signs in the ...