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📱 Download Dhan App and Start Investing & Trading in Stock Market. https://invite.dhan.co/?join=DHAN_YT 📱 Download Options Trader App for a Powerful F&O Trading Experience. https://invite.dhan.co/options/?join=DHAN_YT 📌 In this video we discuss about a significant bearish candlestick pattern- Shooting Star. The Shooting Star candlestick pattern is a significant bearish reversal pattern used in technical analysis. It signals a potential reversal of an uptrend to a downtrend. The Shooting Star pattern consists of the following: * A long upper shadow (at least twice the length of the body) * A small body (often near the low of the candle) * Little or no lower shadow The Shooting Star pattern is often interpreted as a sign that the bulls are losing momentum and that the bears are taking control. It is particularly significant when it occurs at the end of an uptrend or after a strong rally. Traders often use the Shooting Star pattern as part of their risk management strategy. By identifying potential trend reversals early, traders can adjust their positions or implement stop-loss orders to minimize losses or lock in profits. The Shooting Star candlestick pattern is a valuable tool for traders who want to identify potential trend reversals and make informed trading decisions. Here are some additional points about the Shooting Star pattern: * It is the opposite of the Hammer candlestick pattern. * It is a bearish reversal pattern, while the Hammer is a bullish reversal pattern. * The Shooting Star pattern is more reliable when it occurs in a strong uptrend. * Traders often look for confirmation of the reversal with the next candle. Follow us on: Twitter: https://twitter.com/DhanHQ Instagram: https://www.instagram.com/dhanhq/ LinkedIn: https://www.linkedin.com/company/dhanhq Facebook: https://www.facebook.com/DhanHQ Telegram: https://t.me/JoinDhan ⚡ Dhan: https://dhan.co/ 📱 Dhan Trading App: https://dhan.co/trading-app/ 🖥️ Dhan Web Trading Platform: https://dhan.co/web-trading-platform/ 📱 Options Trading App: https://dhan.co/options-trader/ 🖥️ Option Trading Platform: https://dhan.co/options-trader-web/ 🖥️ Custom Strategy Builder: https://dhan.co/options-trader-web/option-strategy-builder/ 🔗 Stock Trading APIs: https://dhanhq.co/ 🗣️ Dhan Community: https://community.dhan.co/ 💡 Super Cool Blog: https://blog.dhan.co/ #shootingstar #stockmarket #rsi #stockmarket #candlestickpattern #dhan #madefortrade