shootingstar
5,752 views
6 Posts
Hot
Latest
Shooting star candlestick pattern
Shooting star candlestick pattern
🔅A Shooting Star is a single candlestick pattern that is found in an uptrend.
🔅The candlestick can mark a top (but is often retested).
🔅A Shooting Star is formed when price opens higher, trades much higher, then closes near its open.
🔅This bearish reversal candle looks like the Inverted Hammer except that it is bearish.
🔅The Shooting Star pattern is formed by a single candle with a short body, little or no lower shadow, and a very long upper shadow.
#Binance #BTC #crypto2023 #shootingstar #leontech
🔅A Shooting Star is a single candlestick pattern that is found in an uptrend.
🔅The candlestick can mark a top (but is often retested).
🔅A Shooting Star is formed when price opens higher, trades much higher, then closes near its open.
🔅This bearish reversal candle looks like the Inverted Hammer except that it is bearish.
🔅The Shooting Star pattern is formed by a single candle with a short body, little or no lower shadow, and a very long upper shadow.
#Binance #BTC #crypto2023 #shootingstar #leontech
The best candle stick pattern says By Chat Gpt🫠🥶🥶
There isn't a single "best" candlestick pattern for analysis in crypto trading, as different patterns can provide valuable insights depending on the market conditions and timeframe you're analyzing. Some commonly used candlestick patterns in crypto trading include:Bullish Engulfing: Indicates a potential reversal from a downtrend to an uptrend.Bearish Engulfing: Suggests a potential reversal from an uptrend to a downtrend.Hammer: A bullish reversal pattern that can signal the end of a downtrend.Shooting Star: A bearish reversal pattern that can indicate the end of an uptrend.Doji: Signals indecision in the market and can indicate a potential reversal or continuation depending on its position in the trend.It's essential to use candlestick patterns in conjunction with other technical analysis tools and indicators to make informed trading decisions. Additionally, understanding the context of the market and the broader trend is crucial for effective analysis.#chatgpt #analysis #worldwideanalysis #doji #shootingstar
Technical Analysis learning: Shooting Star Candlestick Pattern:
1. The Shooting Star is interpreted as a type of reversal pattern.
2. The long wick of the candlestick pattern indicates that buyers drove the price up, which then caused selling pressure and drove the price back down.
3. As this occurred in an uptrend, the selling pressure can be seen as a potential reversal sign.
#TechnicalAnalys #candlestick_patterns #shootingstar #Write2Earn #MtGox
1. The Shooting Star is interpreted as a type of reversal pattern.
2. The long wick of the candlestick pattern indicates that buyers drove the price up, which then caused selling pressure and drove the price back down.
3. As this occurred in an uptrend, the selling pressure can be seen as a potential reversal sign.
#TechnicalAnalys #candlestick_patterns #shootingstar #Write2Earn #MtGox
