How to Day Trade the Shooting Star Candlestick Pattern 🏯

Shooting Star Candlestick pattern. www.financial-s... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Shooting Star: A Good Indicator of a Bearish Reversal in One Candlestick. That's a name for a candlestick pattern that recurs at the end of an uptrend i.e. its a reversal pattern. A Shooting Star candlestick pattern has one candle. It looks like a shooting star. If we drill into what's happening with this candle; that is intraday telling us that the market has pushed the highs, it has attempted to make another high but intraday the sentiment has turned from bullish to bearish.

[@seanbrownsociety]

FINALLY! Someone who cuts the crap and gets straight to the tips, tips, and strategies!

[@ukspreadbetting]

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[@LithicStudios]

I believe both red and green are considered a bearish reversal indicator at the top of an uptrend, a red candle showing a larger reversal in price. A green candle has reversed too yes, but only to close at the top of the candlestick (and above the open), where a red candle reversed all the way past the open to the close at the bottom of the candle. The longer the top-side tail, the longer the reversal, the more the sellers have taken control.

[@alessandroramalli5355]

I think the condition that the size of the wick should be at least twice the size of the body of the candle is a little simplistic the way you put it. I think the ratio for a green candle should be 3:1. And in both cases we should also look at the volume; the creation of the shooting star pattern with little volume behind it is often misleading.

[@cnozby4b69]

If you trade that on the hourly u will find a better entry on a lower timeframe I use the 1 min everything is fractal the same pattern is playing out on smaller timeframes I personally wait for a 1 min bearish candle to print then get in on the close

[@claudiab.9022]

Love this pattern! MY FAVORITE!

[@bensilverberg9166]

I like at the end of the day of a shooting star to go short - buy puts 30 days out and buy back next day or next couple days for a profit - trend reversal

[@fun654]

Hello there - is there a way to write code which gives buy or sell signal, using “candlestick” as basis. Please suggest which coding language is the best for it. Thanks

[@trishpilling5964]

OK you mentioned that this pattern works better on an hourly chart :)

[@JA-eq5um]

a perfect bull candle would have the wick on the bottom. A perfect bear candle would have the wick on the top. talk more about confirmation on the rise or fall of a candle stick chart. one candle is not enough info to make a decision on where to buy. BTW ive day traded for 12 years.

[@sahar1usa]

Hi Mark, how should i approach one long leg doji follow with 2nd day of half body full doji on yearly ? please look at TDC do you see reversal from today onward ?I appreciate it

[@claudiab.9022]

and NICE Simple Explanation! THANK YOU! :)

[@youcan5863]

Thank you

[@drexelmildraff7580]

Is there any difference if the shooting star takes place after a gap up versus no gap up (an exhaustion gap presumably)? A key point to consider is that the wick is supposed to be at least 3 times the size of the body. I believe the red body shooting star is supposed to be a little more negative than the green body one, but not by much. How much retracement of the previous rally should there be?

[@ayaanshaukat9185]

Greaat

[@mythical.Cels143]

will the price still go up after a red shooting star

[@raymondquadros7142]

I have a question for your Buddy. How come you NEVER talk about Volume, when you discuss Positive or Negative Candle Stick Patterns? I feel Volume is very important. Let me know please. Nice video's anyway. Regards for California.

[@ukspreadbetting]

I agree Volume is important and Mark stresses a lot on VWAP for day trading.

[@discoverbanknifty]

Good job 👍

[@llaregubjinks5080]

Interesting . Thank you for the information.

[@ayaanshaukat9185]

Shooting stars it has a very big line it gonna make lots of money

[@abasah]

Awesome videos, thanks.

[@DR19X]

Great video

[@milkyfade6285]

👍

[@arcbycrown1234]

Billionare routine would have million views.No wonder traders loose