Shooting Star is a bearish candlestick reversal pattern. It signifies the end of an uptrend and the potential start of a downtrend. Its opposite is the Morning Star.
When analyzing this pattern, we should observe if the confirming candle closes within the lower third of the range formed. This condition acts as a filter when deciding whether to initiate a trade or...
Good Morning, everyone
Yesterday, DJI tanked more than 2%.
the main participant was Aapl (apple -> news related to lower sales number).
we will see the effect of that in over markets.
go short for today's day(no long position in any companies).
Best of luck.