Shooting Star Candles Pattern

Reversal Candlestick Chart Patterns: Bearish Commodities Trading Candle Patterns

Shooting Star Candle Sticks Pattern is a bearish reversal candlesticks pattern. It forms at the top of a commodities trend.

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

Shooting Star Candlestick Pattern Reversal Candlestick Chart Patterns: Bearish Commodities Candle Stick 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 commodity candlestick pattern. The neck line in this case is a support level.

Stop loss orders for the sell commodities trades should be placed a few pips above the highest commodity trading price on the recent high.

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