Introduction to Shooting Star Pattern
![shooting star pattern Explained](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1YPi7N60OdJZyQorUrmDxR_g4hyphenhyphenMxwwRSUHgo9v-bahJgiznfUiOHq0BUNSp0FLYsH9XSfPjtzhO0SzZZ3IwfW4OD570fQ8l9TbmEGecaTTeFKVmqt2ZEmyqnoRaaxdSbGy1CF1huy8ZXB4pDLiNUfbBs_e9-HNEtzo0Gn3GK-VeoKudZuxMiwl2n/s1600-rw/shooting%20star%20pattern.jpg)
In this module, we are going to discuss the Shooting Star pattern, which gives a very strong signal of a trend reversal (probably to downtrend). We'll show you what this looks like, its characteristics, and valid conditions for this candle.
Furthermore, we'll delve into the psychology behind the Shooting Star pattern and explore future predictions associated with it.
The first thing we want to cover with you is what Shooting Star pattern actually is.
Shooting Star Pattern Anatomy
![Shooting Star Pattern Decoding](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYaRwos4c9MKxxcw04sk34uYnzopHbpnaVzf0_qrOUy8OFVMXrNkyULHaO6Lm459XlmMfwTrcRAv8TFhpJoqdTXmT3DK4cayyPTuv3wFlKCWHprs57hfZfdrnoDoAz50t90uVgvVxh490LpP9lJL-3yuFNH6j14wh2WCt750YM2AWDiEWSHxh1mQ3S/s1600-rw/shooting%20star%20pattern%20image.jpg)
Blueprint of a Shooting Star Pattern on chart
![Shooting Star Pattern on chart](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjISP3s8icynR4KgMwgUYJzvSEbXalP47a1DUl6u2tYanvmCnUJQj-CWpT36hyrT_zAv1UBUy1r2XciilS3H0nIMG4DvQd1Uv7tWji1TvzK5jmpDExZc9gu509aYZHsr_GqbXA8lWbW_y1YdyhBgsZSPrqDlpzuxM1VC9PrRsM8tTOjHCPgrPFHwg_J/s1600-rw/shooting%20star%20pattern%20prediction.jpg)
![Evening Star To Shooting Star Pattern Decoding](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOv0MwSX2F_4w7_CE-QIZBhxE3uQX6uxym3SvFf3dXhAr4ADcOSaZ_6QYix2ZovfY-Lm8DlIXJNkiGn0yyx_A72jujxemV4GciFr7iiEzQ6s5SQQQR4OWVcQw9xBhfCHGO95je4RHuFxCJvGLtk7hhqOtjmz62ZWisPTu7t5fHy1zuis8GVIIORj7u/s1600-rw/evening%20star%20form%20shooting%20star%20pattern%20candlesticks.jpg)
![Doji Candlestick](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcnhw7Q8BytBgVXjVp75wrBtgMjXTnPnvd11UgKJtrLK8v5WWZ_tuas9q0_3jNMFNisHfidomX-zKJadRQLh4PWNJdJu_AVZ20FTq5ZPlY_Dn-4oig6OYPjtAVKPNEWRKZTDf9yhPkodel7iyAROdC42G0cb1DQjKftyWsCHXhzVpPrKAFOq5UdPhb/s1600-rw/Doji%20Candle.jpg)
Doji Candlestick
Doji is a very powerful candle shows a balance of supply and demand.
Read More![Hanging Man Candlestick](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvzgRa7VdK3_6ZZQo4YCs6RC-ktXjTQK5iJ7_ucMnJ-78OsNV7_048oUps-qdpcTuYI7Q1Az79ZJCKX7hCnz19Fjkx-3R_FV4MpyNavkoM6gj7AxlIgGNuESuJ8zlJfQrM2Rqn1jx25UHuVNGv4kUou9Xukr8wgWfELUY5mn4_np5kf32OKm6igA/s1600-rw/hanging%20man%20candlesticks.jpg)
Hanging Man Candlestick
Hanging Man candle which gives a very strong signal of a trend reversal.
Read MoreInverted Hammer Candlestick
This candle implies a very strong signal of a trend reversal (to uptrend).
Read More![Moving Average Indicator](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhaVbvdJvvnQwHfyCfkho_H1vap39SpYyf7FNxpzFI4g7ABswfp3AUtwydKvRx9-GYbSYBd7M7lFqW8eSptcSI27W4b_iJG0RZfgbgzds2fADdjJJbzvtU5YwPQkyleVoF8BmCONNhq6hMl7EJaIk1TGa8UkKNa9JEKN1A7BoNCKQfPTYSD9BnN3g/s1600-rw/moving%20average%20indicator.jpg)
Moving Average Indicator
This indicator is used on charts for trend identification.
Read More