🔥 Don’t Miss This Candle! Simple Setup That Tells You When to Exit 🛑
⭐ Shooting Star Candlestick Easy Guide for Beginners
What is it & How it works?
A Shooting Star is a bearish candlestick that shows price may stop rising or start falling.
It usually forms at the top of an uptrend.
It can be red or green but the shape is what really matters.
How to Identify It:
Small body (red or green)
Long upper wick (2x or more the body size)
Very small or no lower wick
Appears after the market is moving up
When Is It Valid?
✅ After a clear uptrend
✅ Forms near a resistance or recent top
✅ Followed by a red candle (this confirms the signal)
✅ High trading volume makes it stronger
It means:
Buyers are tired, and sellers are starting to take control.
If you’re in a long (buy) position and this forms with confirmation, you may want to exit early, a reversal could be starting.
Short Entry Setup:
✅ Entry: Just below the candle body after confirmation
✅ Stop Loss: Just above the upper wick
Final Tips:
Best used at the top of a strong uptrend
Always wait for a confirmation candle
Never trade without a stop loss
Don’t go against the main trend
Treat the upper wick zone as resistance
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