Introduction to Shooting Star Pattern

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

Blueprint of a Shooting Star Pattern on chart

Doji Candlestick

Doji is a very powerful candle shows a balance of supply and demand.

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Hanging Man Candlestick

Hanging Man candle which gives a very strong signal of a trend reversal.

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Inverted Hammer Candlestick

This candle implies a very strong signal of a trend reversal (to uptrend).

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Moving Average Indicator

This indicator is used on charts for trend identification.

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