The Shooting Star Candlestick Pattern

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 ### The Shooting Star Candlestick Pattern #### Description The Shooting Star is a bearish reversal candlestick pattern that typically appears at the top of an uptrend. It is characterized by a small real body near the lower end of the trading range, a long upper wick (shadow), and little or no lower wick. The long upper wick indicates that the market opened, rallied significantly, but then gave up most of the gains to close near the opening price. #### Characteristics - **Small Real Body**: Indicates minimal difference between the opening and closing prices. - **Long Upper Wick**: Reflects strong upward movement that was not sustained. - **Short or Absent Lower Wick**: Suggests limited lower price movement during the period. #### Significance The Shooting Star pattern signals that buyers initially drove prices higher, but sellers regained control, pushing prices back down. This shift in momentum from bullish to bearish suggests a potential reversal from an uptrend to a downtrend. ...
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Bollinger Breakdown trade strategy easy earn money

Bollinger Breakdown trade strategy

Trader level (Beginner)

Type of strategy (Trend)

(Timeframe 5-15 m )

Assets to trade (Any)


On the chart of any asset there are flat periods when the price moves in a narrow “corridor,” i.e. it practically doesn’t change.

After such periods, the quotes will definitely continue to move up or down, and that is a great opportunity to earn.

Step 1: Determine a flat:

On the chart, a flat looks like “horizontal” price movement. But after this respite, a reversal always happens when the price begins to actively rise or fall.

BollingerBreakdown_en1.png

Continued movement after the flat
Flat
Active price movement

Our task is to find this “horizontal” price movement and, most importantly, to complete a trade right when it ends.
The Bollinger Bands indicator will help us with this best of all.

Step 2: Turn on the indicator and see what it shows:
On the Binomo platform, select the Bollinger Bands indicator with the default settings:

BollingerBreakdown_en2.png

Now look at the chart. You will see that in some places the Bollinger Bands narrow and continue to move very close to each other for some time, but in some, on the contrary, they diverge for a considerable distance.

When the bands diverge from each other, this means that the price is actively rising or falling.
When the lines approach each other, this means that the price change is slowing down and a flat is starting:

BollingerBreakdown_en3.png

The lines diverge during active price movement
Narrowing Bollinger Bands with slowing prices before the flat
Flat

Step 3: We use the indicator to profit:
• We wait for the narrowing of the Bollinger Bands and the onset of a flat. We watch the price.
• We wait for the price to go beyond the upper or lower line of the indicator.
• We conclude a trade in the direction of the new price movement, since most often that is where it will move in the near future.

Look at the examples below and it will immediately become clear!

Trade UP when the price candlestick CLOSES ABOVE the upper line of the indicator:

BollingerBreakdown_en4.png

Up trade if the candle closes above the upper line

Trade DOWN when the price candlestick CLOSES BELOW the lower line of the indicator:

BollingerBreakdown_en5.png

Down trade if the candle closes below the lower line

IMPORTANT!

  1. The expiration time (time until the trade closes) depends on what time frame you are trading on and the intensity of price movement after the flat.

If you chose the 5S-15S time frame, an expiration period of 1-5 minutes is best.

If you prefer longer time frames, INCREASE the expiration period.

  1. Remember that it is highly recommended not to use more than 3% of your capital on one trade. And if you are a beginner, use no more than 1-2%.
Location: Poland

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