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📚Educational Insight: The Shooting Star Candle Pattern 🌠

The Shooting Star is a bearish reversal pattern that appears after an uptrend. It indicates that sellers are starting to take control of the market.

What it Looks Like: A small real body near the bottom of the candle with a long upper shadow (at least twice the size of the body). Little to no lower shadow.

What it Signals:
-A potential downward reversal.
-Sellers pushed the price lower after buyers tried to take it higher.

Where to Identify Shooting Stars?
Look for this pattern at key resistance levels during an uptrend or after a significant price rally.

How to Enter the Trade?
For a Bearish Shooting Star: Enter a sell trade below the low of the shooting star candle. Set your stop loss above the high of the candle.

This pattern is strongest when followed by a bearish confirmation candle.