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Candlestick School: Shooting Star Chart Pattern 🌠

✅ Trade with our Sponsor Broker: Trade Nation http://www.financial-spread-betting.c... ✅ Check our website: http://www.financial-spread-betting.com/ ✅ Please like, subscribe & comment if you enjoyed - it helps a lot! Candlestick patterns - the Shooting Star; a powerful reversal pattern. http://www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE This is a tutorial on the Shooting Star Candlestick Pattern. When this pattern is used right it can be very good. Let's consider some examples, some winners, some losers, where our stop would be and how to formulate entry and exit targets as well as appropriate trading conditions where such a setup might work. Trading the Shooting Star Candlestick Pattern This is basically a push to highs on an intraday basis that fails. For a candlestick to be regarded as a shooting star, the setup must materialise on an upward (bullish) trend, and the distance between the highest price for the day and the opening price must be more than twice as large as the shooting star's body. The distance between the lowest price for the day and the closing price must be very small or non-existent. Let's assume you're using it at the end of an uptrend. If you're looking at it as a reversal signal - yes you're be able to use that but the probability of success at the end of an uptrend is going to be low but your risk:reward ratio is going to be high. I think there are some powerful conditions where it might be more appropriate to use this setup. Related Video How to Day Trade the Shooting Star Candlestick Pattern 🏯    • How to Day Trade the Shooting Star Ca...