shooting star Archives - Technical Analysis & Finance Blogs by Spider Software keyword

Understanding the Shooting Star Candlestick Pattern

Spider Software7 months ago7 months ago01 mins

A shooting star candlestick occurs when a stock rises after opening but falls back near the opening price by the end of the day.

Spider Software2 years ago2 years ago01 mins

A bearish candlestick pattern known as a shooting star is characterized by a long upper shadow and an absence of a lower shadow.