Home » Shooting Star

Shooting Star

In the Candlestick Trading Strategy, a shooting star is a bearish reversal pattern that is formed after a bullish trend in the market. It’s identical to “Inverted Hammer” as it has a long upper shadow (wick), small lower body, and little or no lower shadow (wick). Besides this, it exhibits the weakness in a buying trend and signifies a potential selling trend in the market.

Related
Monetary Policy

Monetary policy refers to the actions taken by a nation’s central bank to influence the availability and cost of money and credit to Read more

Kathy Lien

Kathy Lien is an expert in global currencies, author, and Managing Director of BK Asset Management. For retail FX traders back Read more

European Parliament

The European Parliament is the European Union’s law-making body. It is directly elected by EU voters every 5 years. It is a Read more

Open Position

An active trade that has yet to be closed.