Enshooting Star Template

Enshooting Star Template – It is used during technical analysis to predict a possible bearish reversal. The shooting star and hammer patterns can be used as trade triggers, especially for advanced market maker strategies, like the supply and demand strategy or the smart money breakout trap. A shooting star is a bearish pattern that forms in candlestick trading. The upper shadow is about 2 or 3 times the length of the body.

Shooting star patterns are interpreted as a bearish reversal pattern. A shooting star pattern is a bearish candlestick pattern that appears after an uptrend. The shooting star pattern is one of the most common and popular candlestick patterns. Create your own custom shooting star using this free pattern.

These patterns look like inverted hammer candlesticks but are near resistance levels. Here’s how to recognize it: Check out our shooting star templates selection for the very best in unique or custom, handmade pieces from our digital shops.

Follow the link below to download and print this pattern from your computer. The long upper wick represents the bulls’ failed attempt to push the price higher, while the small body indicates that the bears are gaining control. The pattern consists of three key elements small body:

That being said, you can also have variations of the two. The shooting star is a candlestick pattern to help traders visually see where resistance and supply is located. View our collection of free shooting star templates, you are free to edit the shooting star templates with our design sources such as stickers, text effects, and backgrounds as you like or design it from scratch in your browser.

After an uptrend, the shooting star pattern can signal to traders that the uptrend might be over and that long positions could potentially be reduced or completely exited. And this is what a shooting star means…. Shooting stars appear in up trends but are a bearish candle.

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