🎓LEARN TRADING 🎓

NO:04

Type: Shooting Star #Bearish

1. Uptrend: Shooting star appears in an uptrend, signaling a potential reversal.

2. Small Real Body: Shooting star has a small real body, indicating close open and close prices.

3. Long Upper Shadow: Shooting star has a long upper shadow, extending above the real body.

4. Little or No Lower Shadow: Shooting star has a small or no lower shadow.

5. Previous Trend: Shooting star follows a sustained upward movement or uptrend.

6. Confirmation: Wait for subsequent downward price action to confirm the reversal.

7. Volume: Higher-than-average volume during the shooting star formation adds validity.

#ShootingStar

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#LearnWithNeverGiveUp

#TreadingCourch

🌠 In the world of trading, the shooting star takes the stage! 📈 Just like its cousin, the inverted hammer, but with a twist—it appears in an uptrend. 🚀 Sporting a petite lower body and a towering upper wick.
📈 Picture this: the market kicks off with a slight upward gap, reaching an intra-day high before gracefully closing just above the opening price. 🌟 Just like a star gracefully descending to the ground. 💫 #TradingTalks #ShootingStar #crypto #candelstick 🚀