The Shooting Star Candlestick Pattern

Image
 ### 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. ####
Post a Comment

Disclaimer

Disclaimer for binomo strategies

If you require any more information or have any questions about our site's disclaimer, please feel free to contact us by email at d7011147@gmail.com

Disclaimers for binomo strategies

All the information on this website - https://binomostrategies.blogspot.com - is published in good faith and for general information purpose only. binomo strategies does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information you find on this website (binomo strategies), is strictly at your own risk. binomo strategies will not be liable for any losses and/or damages in connection with the use of our website. Our Disclaimer was generated with the help of the 

From our website, you can visit other websites by following hyperlinks to such external sites. While we strive to provide only quality links to useful and ethical websites, we have no control over the content and nature of these sites. These links to other websites do not imply a recommendation for all the content found on these sites. Site owners and content may change without notice and may occur before we have the opportunity to remove a link which may have gone 'bad'.

Please be also aware that when you leave our website, other sites may have different privacy policies and terms which are beyond our control. Please be sure to check the Privacy Policies of these sites as well as their "Terms of Service" before engaging in any business or uploading any information.

Consent

By using our website, you hereby consent to our disclaimer and agree to its terms.

Update

Should we update, amend or make any changes to this document, those changes will be prominently posted here.

Comments

Post a Comment

Popular posts from this blog

The "Night channel" trading strategy

Image
The "Night channel" trading strategy Trader level (Beginner) Type of strategy (Flat) Timeframe (60-300 m) Assets to trade (Currency pairs) When is the best time to trade—day or night? Have you learned how to identify trends, and manage your capital well, and do you have the skills to instantly react to changing market conditions? Then day trading is precisely what you need. But if you prefer to trade stress-free on a calm market, you should consider the potential of night trading. You might be able to earn even more and do it more easily at night! What do we get from night trading? At night, asset markets are in a sideways trend with little amplitude. So, with the right approach, we get the following: • an almost 100% predictable market; • slow movement of quotes, which will allow you to make trading decisions without haste or stress; Thus, our night-time trading becomes much less risky, and often more profitable. How can we trade profitably at night? Now let's look at th
Read more

How to Use the Fibonacci Indicator in Trading

Image
 ## How to Use the Fibonacci Indicator in Trading The Fibonacci indicator is a popular technical analysis tool used by traders to identify potential reversal levels and forecast price movements in financial markets. Based on the Fibonacci sequence, this tool helps traders determine support and resistance levels. Here’s a comprehensive guide on how to use the Fibonacci indicator effectively in your trading strategy. ### Understanding the Fibonacci Sequence The Fibonacci sequence is a series of numbers where each number is the sum of the two preceding ones, usually starting with 0 and 1. The sequence looks like this: 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on. In trading, the key Fibonacci ratios are derived from this sequence, notably 23.6%, 38.2%, 50%, 61.8%, and 100%. ### Fibonacci Retracement Levels Fibonacci retracement levels are horizontal lines that indicate potential support and resistance levels. These levels are derived from the Fibonacci sequence and are used to predict the futur
Read more

Technical indicators

Image
  Technical indicators Trader level (Beginner) Type of strategy (Trend) Timeframe (60-300 m) Assets to trade (Any) Technical Indicators  are tools for analyzing the dynamics of asset price movement, building indicator trading systems, and receiving trading signals for making trades. Moving Average, МА Moving Average, МА  — the average asset price over a certain period. The user sets that period in the settings. When using the Moving Average indicator on the quote chart (candlestick chart), the trader can more accurately and clearly determine the general direction of asset price movement. This helps the trader make the right decision when making their forecast about the direction of the trade at that moment and for the near future. The price chart also shows movement UP, but less clearly The indicator's general direction shows movement UP Moving Average indicator settings: The longer the indicator's period is, the more candles are used to calculate the average price. And, accord
Read more