ShootingStar
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š 5 Candle Stisk Patterns Every Trader Should Master šØāš«šØāš«
1. Doji Shows market indecision; buyers and sellers are equal in strength. Often a sign of possible trend change.
2. Hammer - Small body with a long lower wick; signals a bullish reversal at the bottom of a downtrend.
3. Inverted Hammer - Small body with a long upper wick; can indicate a bullish reversal if confirmed by the next candle.
4. Bullish Engulfing - A small red candle followed by a larger green candle that completely covers it; shows strong buying momentum.
5. Shooting Star - Small body with a long upper wick at the top of an uptrend; signals bearish reversal. #candlestick_patterns #Shootingstar #bullesh
1. Doji Shows market indecision; buyers and sellers are equal in strength. Often a sign of possible trend change.
2. Hammer - Small body with a long lower wick; signals a bullish reversal at the bottom of a downtrend.
3. Inverted Hammer - Small body with a long upper wick; can indicate a bullish reversal if confirmed by the next candle.
4. Bullish Engulfing - A small red candle followed by a larger green candle that completely covers it; shows strong buying momentum.
5. Shooting Star - Small body with a long upper wick at the top of an uptrend; signals bearish reversal. #candlestick_patterns #Shootingstar #bullesh
INVERTED HAMMERšØ
Inverted Hammer ā
Small body at bottomLong upper wick (ā„2Ć body)Little/no lower wickAppears after downtrendSuggests possible bullish reversalNeeds next candle confirmation
Inverted Hammer ā Characteristics
Body: Small body at the lower end of the trading range.Upper Shadow: Very long, at least 2 times the body size.Lower Shadow: Very small or almost none.Location: Usually appears after a downtrend.Signal: Indicates a possible bullish reversal, as buyers tried to push price up from the low.Confirmation: Needs the next candle to close bullish to validate the reversal signal.
#Bullish #Shootingstar #PriceActionAnalysis
Small body at bottomLong upper wick (ā„2Ć body)Little/no lower wickAppears after downtrendSuggests possible bullish reversalNeeds next candle confirmation
Inverted Hammer ā Characteristics
Body: Small body at the lower end of the trading range.Upper Shadow: Very long, at least 2 times the body size.Lower Shadow: Very small or almost none.Location: Usually appears after a downtrend.Signal: Indicates a possible bullish reversal, as buyers tried to push price up from the low.Confirmation: Needs the next candle to close bullish to validate the reversal signal.
#Bullish #Shootingstar #PriceActionAnalysis
A #SHOOTINGSTAR ;Technically a shooting star has just appeared on $ETH after a strong uptrend.
This is a bearish reversal pattern, which COULD signal a potential shift in momentum.
Keep an eye on the next few candles for confirmation.
$ETH
#ETH4500Next?
#Shootingstar
#MarketReversalWatch
This is a bearish reversal pattern, which COULD signal a potential shift in momentum.
Keep an eye on the next few candles for confirmation.
$ETH
#ETH4500Next?
#Shootingstar
#MarketReversalWatch
šÆ Candlestick Mastery #4: The Shooting Star
š¹ What It Is ā
A candle with a small body near the bottom and a long upper wick (at least twice the body length), little to no lower wick.
š¹ Meaning ā
Appears after an uptrend, signaling that buyers pushed price up but sellers took control ā possible bearish reversal.
š¹ How to Identify ā
ā Long upper wick.
ā Small lower wick or none.
ā Appears after an uptrend.
š¹ How to Trade It ā
1ļøā£ Wait for the next candle to close lower.
2ļøā£ Stop-loss above the Shooting Starās high.
3ļøā£ Target support level.
š” Pro Tip: Stronger signal when volume spikes on Shooting Star day.
#CryptoTrading #Shootingstar #CandlestickPatterns #BearishReversals
#Notcoin
š¹ What It Is ā
A candle with a small body near the bottom and a long upper wick (at least twice the body length), little to no lower wick.
š¹ Meaning ā
Appears after an uptrend, signaling that buyers pushed price up but sellers took control ā possible bearish reversal.
š¹ How to Identify ā
ā Long upper wick.
ā Small lower wick or none.
ā Appears after an uptrend.
š¹ How to Trade It ā
1ļøā£ Wait for the next candle to close lower.
2ļøā£ Stop-loss above the Shooting Starās high.
3ļøā£ Target support level.
š” Pro Tip: Stronger signal when volume spikes on Shooting Star day.
#CryptoTrading #Shootingstar #CandlestickPatterns #BearishReversals
#Notcoin
See original
Candlestick Patterns & their uses in trading
Learn these candles and you will not lose anything in cryptocurrencies.
You won't have to face āļøāļøš
š¹ Top row (left to right):
1. ā Buyer in full control
š© Large green candle - strong upward momentum, buyers dominated the session.
2. ā Sellers showed strength, but buyers outperformed.
You won't have to face āļøāļøš
š¹ Top row (left to right):
1. ā Buyer in full control
š© Large green candle - strong upward momentum, buyers dominated the session.
2. ā Sellers showed strength, but buyers outperformed.
Shooting Star Candlesticksš
Stop lossā ļø
Shooting starš
EntryšØā¼ļø
#Signalš„. #Shootingstar #candlestick_patterns #stoploss #tradingtechnique
Stop lossā ļø
Shooting starš
EntryšØā¼ļø
#Signalš„. #Shootingstar #candlestick_patterns #stoploss #tradingtechnique
$BTC $ETH
Shooting Star:-
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Ų“ŁŁ¹ŁŚÆ Ų³Ł¹Ų§Ų± Ų§ŪŚ© ŲØŪŲ¦Ų±Ų“ Ų±ŪŁŲ±Ų³Ł Ś©ŪŁŚŁ Ų³Ł¹Ś© Ł¾ŪŁ¹Ų±Ł ŪŪ Ų¬Ł Ų§Ł¾ Ł¹Ų±ŪŁŚ Ś©Ū ŲØŲ¹ŲÆ ŲøŲ§ŪŲ± ŪŁŲŖŲ§ ŪŪ Ų§ŁŲ± ŁŪŁ ŲŖ Ł ŪŚŗ Ł Ł Ś©ŁŪ Ś©Ł Ū Ś©Ų§ Ų§Ų“Ų§Ų±Ū ŲÆŪ Ų³Ś©ŲŖŲ§ ŪŪ
#BinanceHODLerSTO #SaylorBTCPurchase #BTCRebound #Shootingstar
Shooting Star:-
šØšØšØšØšØšØ
Ų“ŁŁ¹ŁŚÆ Ų³Ł¹Ų§Ų± Ų§ŪŚ© ŲØŪŲ¦Ų±Ų“ Ų±ŪŁŲ±Ų³Ł Ś©ŪŁŚŁ Ų³Ł¹Ś© Ł¾ŪŁ¹Ų±Ł ŪŪ Ų¬Ł Ų§Ł¾ Ł¹Ų±ŪŁŚ Ś©Ū ŲØŲ¹ŲÆ ŲøŲ§ŪŲ± ŪŁŲŖŲ§ ŪŪ Ų§ŁŲ± ŁŪŁ ŲŖ Ł ŪŚŗ Ł Ł Ś©ŁŪ Ś©Ł Ū Ś©Ų§ Ų§Ų“Ų§Ų±Ū ŲÆŪ Ų³Ś©ŲŖŲ§ ŪŪ
#BinanceHODLerSTO #SaylorBTCPurchase #BTCRebound #Shootingstar
šØ *The Power of a Single Candle in Crypto Trading!* š„š
Ever heard the saying that *one candle can change your trading fortunes*? š„ Well, itās true! In the world of crypto trading, *candlestick patterns* are key indicators that can help you spot *market reversals* or *continuations*. š” But can you catch the right signals in time? ā±ļø
Letās break down two *powerful candlestick patterns* that every crypto trader should know! šš
---
ā *Hammer ā The Bullish Reversal Candle* šŖ
- *What it looks like*: Small body at the top of the candle with a *long lower wick*. š½
- *What it means*: The *market is reversing upward* from a downtrend. This is seen as a *bullish signal* when found at a *support level*. š„
- *When to use it*: Look for this candle after a strong downtrendā*this is your cue to go long* if confirmed. š
---
ā *Shooting Star ā The Bearish Reversal Candle* šØ
- *What it looks like*: Small body at the bottom with a *long upper wick*. š¼
- *What it means*: The *market is reversing downward* from an uptrend. This is seen as a *bearish signal* when found at a *resistance level*. š
- *When to use it*: Watch for this candle after a strong uptrendā*this could be your cue to short* the market if confirmed. š
---
š *The Key to Trading Success: Candlestick Patterns!* š
Understanding these simple candlestick patterns can significantly improve your trading game! šÆ They serve as visual *indicators* for price action and can give you the edge in spotting *market reversals* early. š
In *crypto*, where volatility rules, being able to spot these signals fast could make a huge difference in *profitability*. š¤
---
ā” *Pro Tip*:
Combine candlestick patterns with other *technical analysis tools* (like support and resistance levels) to confirm signals and *increase your chances of success*. š„
$DOGE
$PEPE
#CryptoTrading #HammerPattern #ShootingStar #MarketReversal #CryptoSuccess
Ever heard the saying that *one candle can change your trading fortunes*? š„ Well, itās true! In the world of crypto trading, *candlestick patterns* are key indicators that can help you spot *market reversals* or *continuations*. š” But can you catch the right signals in time? ā±ļø
Letās break down two *powerful candlestick patterns* that every crypto trader should know! šš
---
ā *Hammer ā The Bullish Reversal Candle* šŖ
- *What it looks like*: Small body at the top of the candle with a *long lower wick*. š½
- *What it means*: The *market is reversing upward* from a downtrend. This is seen as a *bullish signal* when found at a *support level*. š„
- *When to use it*: Look for this candle after a strong downtrendā*this is your cue to go long* if confirmed. š
---
ā *Shooting Star ā The Bearish Reversal Candle* šØ
- *What it looks like*: Small body at the bottom with a *long upper wick*. š¼
- *What it means*: The *market is reversing downward* from an uptrend. This is seen as a *bearish signal* when found at a *resistance level*. š
- *When to use it*: Watch for this candle after a strong uptrendā*this could be your cue to short* the market if confirmed. š
---
š *The Key to Trading Success: Candlestick Patterns!* š
Understanding these simple candlestick patterns can significantly improve your trading game! šÆ They serve as visual *indicators* for price action and can give you the edge in spotting *market reversals* early. š
In *crypto*, where volatility rules, being able to spot these signals fast could make a huge difference in *profitability*. š¤
---
ā” *Pro Tip*:
Combine candlestick patterns with other *technical analysis tools* (like support and resistance levels) to confirm signals and *increase your chances of success*. š„
$DOGE
$PEPE
#CryptoTrading #HammerPattern #ShootingStar #MarketReversal #CryptoSuccess
Trading Signal Alert: [Coin Pair] on the [Time Frame] Chart šš
Pattern Alert:
The chart indicates two critical candlestick patterns: Hammer and Shooting Star. These are essential signals for traders:
1. Hammer:
Bullish Reversal Pattern: Indicates a potential price reversal from bearish to bullish.
Entry Point: Following a pullback, look for a confirmed higher high.
Stop Loss: Below the hammer's wick for risk management.
Target Levels: Ideal targets include the next resistance levels as shown.
2. Shooting Star:
Bearish Reversal Pattern: Signals a potential trend change from bullish to bearish.
Key-Level Rejection: Look for a reversal below resistance zones.
Entry Point: After confirmation of resistance.
Stop Loss: Above the wick of the shooting star.
Target Levels: Key support areas for profit booking.
---
Trading Strategy:
Current Price: [Specify Price]
Entry Price:
For long trades (Hammer): [Specify Entry Range]
For short trades (Shooting Star): [Specify Entry Range]
Take-Profit Targets:
1. [First Target]
2. [Second Target]
3. [Third Target]
Stop Loss:
Place it just outside the invalidation levels to minimize risk.
Caution:
Always confirm the pattern's validity and monitor volume and momentum before entering trades. Use strict risk management to navigate market volatility.
#CryptoTrading #Binance #HammerPattern #ShootingStar #PriceAction
Pattern Alert:
The chart indicates two critical candlestick patterns: Hammer and Shooting Star. These are essential signals for traders:
1. Hammer:
Bullish Reversal Pattern: Indicates a potential price reversal from bearish to bullish.
Entry Point: Following a pullback, look for a confirmed higher high.
Stop Loss: Below the hammer's wick for risk management.
Target Levels: Ideal targets include the next resistance levels as shown.
2. Shooting Star:
Bearish Reversal Pattern: Signals a potential trend change from bullish to bearish.
Key-Level Rejection: Look for a reversal below resistance zones.
Entry Point: After confirmation of resistance.
Stop Loss: Above the wick of the shooting star.
Target Levels: Key support areas for profit booking.
---
Trading Strategy:
Current Price: [Specify Price]
Entry Price:
For long trades (Hammer): [Specify Entry Range]
For short trades (Shooting Star): [Specify Entry Range]
Take-Profit Targets:
1. [First Target]
2. [Second Target]
3. [Third Target]
Stop Loss:
Place it just outside the invalidation levels to minimize risk.
Caution:
Always confirm the pattern's validity and monitor volume and momentum before entering trades. Use strict risk management to navigate market volatility.
#CryptoTrading #Binance #HammerPattern #ShootingStar #PriceAction
šØ Shooting Star onĀ $LINK !
A major sign of a potential downturn ahead! š
Stay tuned and follow me for real-time price updates and insights! š„š
#LINK Ā #Crypto Ā #Trading Ā #PriceAlerts Ā #CryptoAnalysisĀ #ShootingStar
A major sign of a potential downturn ahead! š
Stay tuned and follow me for real-time price updates and insights! š„š
#LINK Ā #Crypto Ā #Trading Ā #PriceAlerts Ā #CryptoAnalysisĀ #ShootingStar
#candlestick_patterns #Shootingstar
The Shooting Star is a candlestick pattern that forms with a long upper wick, little or no lower wick, and a small body, ideally near the bottom. The Shooting Star is similar in appearance to the Inverted Hammer, but it forms at the end of an uptrend. This pattern indicates that the market has reached a high point, but then sellers took control and pushed the price back down. Some traders wait for confirmation from subsequent candlesticks before acting on the pattern.
The Shooting Star is a candlestick pattern that forms with a long upper wick, little or no lower wick, and a small body, ideally near the bottom. The Shooting Star is similar in appearance to the Inverted Hammer, but it forms at the end of an uptrend. This pattern indicates that the market has reached a high point, but then sellers took control and pushed the price back down. Some traders wait for confirmation from subsequent candlesticks before acting on the pattern.
Technical Analysis learning: Shooting Star Candlestick Pattern:
1. The Shooting Star is interpreted as a type of reversal pattern.
2. The long wick of the candlestick pattern indicates that buyers drove the price up, which then caused selling pressure and drove the price back down.
3. As this occurred in an uptrend, the selling pressure can be seen as a potential reversal sign.
#TechnicalAnalys #candlestick_patterns #shootingstar #Write2Earn #MtGox
1. The Shooting Star is interpreted as a type of reversal pattern.
2. The long wick of the candlestick pattern indicates that buyers drove the price up, which then caused selling pressure and drove the price back down.
3. As this occurred in an uptrend, the selling pressure can be seen as a potential reversal sign.
#TechnicalAnalys #candlestick_patterns #shootingstar #Write2Earn #MtGox
š200+ attendees: $ERA Look at the image below šš¾ Our Entry Level Has Confirmed #Shootingstar
Today we had an amazing session waiting for the most beautiful entry level [$1.24] and now it has already confirmed. If you were among this session please let me know and how youāre enjoying being a part who did the most professional entry level of Caldera (ERA)!
Remember this is not Financial advice do your own research. #ERA
Today we had an amazing session waiting for the most beautiful entry level [$1.24] and now it has already confirmed. If you were among this session please let me know and how youāre enjoying being a part who did the most professional entry level of Caldera (ERA)!
Remember this is not Financial advice do your own research. #ERA
The best candle stick pattern says By Chat Gptš« š„¶š„¶
There isn't a single "best" candlestick pattern for analysis in crypto trading, as different patterns can provide valuable insights depending on the market conditions and timeframe you're analyzing. Some commonly used candlestick patterns in crypto trading include:Bullish Engulfing: Indicates a potential reversal from a downtrend to an uptrend.Bearish Engulfing: Suggests a potential reversal from an uptrend to a downtrend.Hammer: A bullish reversal pattern that can signal the end of a downtrend.Shooting Star: A bearish reversal pattern that can indicate the end of an uptrend.Doji: Signals indecision in the market and can indicate a potential reversal or continuation depending on its position in the trend.It's essential to use candlestick patterns in conjunction with other technical analysis tools and indicators to make informed trading decisions. Additionally, understanding the context of the market and the broader trend is crucial for effective analysis.#chatgpt #analysis #worldwideanalysis #doji #shootingstar
Candlestick Patterns for Beginners
Candlestick charts are a popular way to visualize price action in stocks, forex, and cryptocurrencies. Originating in Japan, these charts help traders spot potential market reversals and continuations at a glance.
---
š What Is a Candlestick?
Each candlestick shows four key prices for a given time period (e.g., 1 minute, 1 hour, 1 day):
Open: Price at the start of the period
Close: Price at the end of the period
High: Highest price reached
Low: Lowest price reached
If the close is higher than the open, the candle is usually colored green (or white), indicating bullish (upward) momentum.
If the close is lower than the open, itās colored red (or black), indicating bearish (downward) momentum.
---
š Five Basic Candlestick Patterns
1. Doji
Shape: Very small body (open ā close), long or short wicks.
Signal: Market indecision; possible reversal when appearing after a clear trend.
2. Hammer
Shape: Small body at the top, long lower wick (tail).
Occurs: After a downtrend.
Signal: Bullish reversalābuyers pushed price back up.
3. Shooting Star
Shape: Small body at the bottom, long upper wick.
Occurs: After an uptrend.
Signal: Bearish reversalāsellers pushed the price back down.
4. Bullish Engulfing
Shape: Two-candle pattern: a small bearish (red) candle followed by a larger bullish (green) candle that completely āengulfsā it.
Signal: Strong bullish reversal.
5. Bearish Engulfing
Shape: Two-candle pattern: a small bullish (green) candle followed by a larger bearish (red) candle that engulfs it.
Signal: Strong bearish reversal.
---
šÆ Using Candlesticks Wisely
Donāt trade on patterns alone. Always confirm with other tools:
Volume: Increased volume gives patterns more weight.
Support & Resistance: Check if patterns form near key price levels.
Indicators: RSI, MACD, moving averages, etc.
Practice on demo charts before risking real capital.
---
#candlestick_patterns #HammerPattern #ShootingStar #BearishEngulfing #StrategyBTCPurchase
Candlestick charts are a popular way to visualize price action in stocks, forex, and cryptocurrencies. Originating in Japan, these charts help traders spot potential market reversals and continuations at a glance.
---
š What Is a Candlestick?
Each candlestick shows four key prices for a given time period (e.g., 1 minute, 1 hour, 1 day):
Open: Price at the start of the period
Close: Price at the end of the period
High: Highest price reached
Low: Lowest price reached
If the close is higher than the open, the candle is usually colored green (or white), indicating bullish (upward) momentum.
If the close is lower than the open, itās colored red (or black), indicating bearish (downward) momentum.
---
š Five Basic Candlestick Patterns
1. Doji
Shape: Very small body (open ā close), long or short wicks.
Signal: Market indecision; possible reversal when appearing after a clear trend.
2. Hammer
Shape: Small body at the top, long lower wick (tail).
Occurs: After a downtrend.
Signal: Bullish reversalābuyers pushed price back up.
3. Shooting Star
Shape: Small body at the bottom, long upper wick.
Occurs: After an uptrend.
Signal: Bearish reversalāsellers pushed the price back down.
4. Bullish Engulfing
Shape: Two-candle pattern: a small bearish (red) candle followed by a larger bullish (green) candle that completely āengulfsā it.
Signal: Strong bullish reversal.
5. Bearish Engulfing
Shape: Two-candle pattern: a small bullish (green) candle followed by a larger bearish (red) candle that engulfs it.
Signal: Strong bearish reversal.
---
šÆ Using Candlesticks Wisely
Donāt trade on patterns alone. Always confirm with other tools:
Volume: Increased volume gives patterns more weight.
Support & Resistance: Check if patterns form near key price levels.
Indicators: RSI, MACD, moving averages, etc.
Practice on demo charts before risking real capital.
---
#candlestick_patterns #HammerPattern #ShootingStar #BearishEngulfing #StrategyBTCPurchase
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