Reversal Candles CFDs Trading Patterns: Bearish CFDs Candles Patterns

Reversal Candlestick Chart Patterns: Bearish CFDs Candle Patterns

Shooting Star Candle Sticks Pattern is a bearish reversal candlestick pattern. It occurs at the top of a cfds trend.

Shooting Star Candle Stick Pattern occurs at the top of a cfd up trend where the open cfd price is the same as the low - and cfd price then rallied up but was pushed back downward to close near the open.

Shooting Star Candle Pattern Reversal Candlestick Chart Patterns: Bearish CFDs Candle Patterns

Technical Analysis of Shooting Star Candles Patterns

A sell is confirmed when a candlestick closes below the neckline of this shooting star candlestick pattern, this is the opening of the candlestick on the left side of this cfd candlestick pattern. The neck line in this case is a support zone.

Stop loss orders for the sell cfds trades should be set a few pips above the highest cfd price on the recent high.

The Shooting Star candlestick is named so because at the top of an upward cfd market cfd trend this cfd candlestick pattern looks like a shooting star up in the sky.