Another analysis lesson prepared by @ploto 1. I think it will be useful not only for beginner traders but also for those who want to refresh their knowledge.

A light piece of information about one of the bearish reversal patterns : )

In front of us is a pattern called "Shooting Star" or Shooting star: Do you see the green candle in the middle? It was showing a significant rise, but what happened?! Many sell orders appeared, and the candle gradually decreased until the body of the candle approached its opening price. The question is, how do we discover that the price will reverse and drop?!

The answer: We wait for the next candle, which is why the candle that follows is called the "confirmation candle." The important thing is if we notice that this candle is red and closed below the green candle, then we have formed a bearish pattern.

By the way, the green candle that indicates a significant rise in this picture resembles the shooting star we see in the sky at night : )

💠 If you have memorized this pattern, then you have memorized the hardest bearish pattern. Did you see how analysis is beautiful and easy?! 🤍