Limitations of shooting star
The following limitations apply to Shooting Star:
Trading should not be based solely on candle patterns like shooting stars.
To confirm this, the next day's candle or other technical analysis indicators may be used.
A stop loss helps limit losses when using candlesticks.
As other forms of technical analysis suggest, a candlestick pattern becomes more notable when it appears near an important level.
Trading should not be based solely on candle patterns like shooting stars.
To confirm this, the next day's candle or other technical analysis indicators may be used.
A stop loss helps limit losses when using candlesticks.
As other forms of technical analysis suggest, a candlestick pattern becomes more notable when it appears near an important level.
Jun 10, 2022 10:04