What is the Shooting Star Pattern?

What is the Shooting Star Pattern?

The essence of trading lies in analysing the price movements and making sense of the patterns or trends formed thereof. This includes identifying any continuation in the trend or potential reversals. The Shooting Star candlestick pattern is a reversal pattern that can signal a potential reversal from uptrend to downtrend. This can help traders modify their trading strategies and find suitable entry or exit points. Have you heard about this pattern? Check out our blog on this topic on the TrueData website to learn more about this pattern using the following link.

https://www.truedata.in/blog/shooting-star-candlestick-pattern

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