🀄 Candlestick Patterns: Shooting star candle, inverted hammer candlestic...

  





Binary Options Turbo Trader (#BOTT)
https://www.youtube.com/channel/UCCCv...

Forex (FX) Turbo Trader (FOTT)
https://www.youtube.com/channel/UCmk8...

DO (Digital Options) Turbo Trader (DOTT)
https://www.youtube.com/channel/UCI0K...

BO Turbo Trader Price Action Guide for Binary Options Trader PDF
https://goo.gl/VmcKjJ

👉 SMASH THE LIKE BUTTON 👈
👉 HIT THE SUBSCRIBE BUTTON 👈
👉 LEAVE A COMMENT 👈
👉 SHARE 👈

★ CONTACT ME https://goo.gl/uvt3xJ ★

Facebook-Group: https://www.facebook.com/groups/botur...

Twitter:
https://twitter.com/boturbotrader

Blogger:
https://boturbotrader.blogspot.com/

Tumblr:
https://boturbotrader.tumblr.com/

Binary Option Win Rate and Net Profit Calculator + Simulator
https://goo.gl/NeUyCp

Money Management Masaniello Program + Excel File
https://goo.gl/9pNRhs

Start Mining Cryptocurrency
http://goo.gl/1mJLbU

Risk Warning: Your invested capital may be at risk.
This video is not an investment advice.

Indicators:
EMA 3 (blue)
EMA 20 (yellow)
EMA 50 (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

In technical analysis, a shooting star is interpreted as a type of reversal pattern presaging a falling price. The Shooting Star looks exactly the same as the Inverted hammer, but instead of being found in a downtrend it is found in an uptrend and thus has different implications. The shooting star candlestick is a chart formation consisting of a candlestick with a small real body, and a large upper shadow. This pattern represents a potential reversal in an uptrend. It is also one of the four types of stars in candle theory: morning, evening, doji, and shooting.

It comes after an uptrend. Said differently, a shooting star is a type of candlestick formation that results when a security's price, at some point during the day, advances well above the opening price but closes lower than the opening price. The Bullish Engulfing pattern is a two-candle reversal pattern. The second candle completely 'engulfs' the real body of the first one, without regard to the length of the tail shadows. The Bullish Engulfing pattern appears in a downtrend and is a combination of one dark candle followed by a larger hollow candle.

The doji is a commonly found pattern in a candlestick chart of financially traded assets (stocks, bonds, futures, etc.) in technical analysis. It is characterized by being small in length—meaning a small trading range—with an opening and closing price that are virtually equal. Bullish Doji Star Reversal Pattern. Definition: The Bullish Doji Star pattern is a three bar formation that develops after a down leg. The first bar has a long black body while the next bar opens even lower and closes as a Doji with a small trading range. A hanging man is a type of bearish reversal pattern, made up of just one candle, found in an uptrend of price charts of financial assets. It has a long lower wick and a short body at the top of the candlestick with little or no upper wick.

The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The inverted hammer looks like an upside down version of the hammer candlestick pattern, and when it appears in an uptrend is called a shooting star. The inverted hammer is often found at the bottom of a move, and will indicate a potential reversal in the near-term trend. Firstly, the shooting star is bearish, while the inverted hammer is bullish; and as such, the shooting star candlestick should be bearish, and the inverted hammer should be bullish.