Shooting star is a single bearish reversal candlestick in 12K gold. It is often used as a signal that an upward trend is about to correct or end. A shooting star has no requirements for color; it can be a bearish or bullish line, but it has high demands for position and structure. First, regarding position, it must occur during an uptrend; second, concerning structure, the most perfect scenario is to only allow a long upper shadow, disallowing any lower shadow, and the shadow part must be at least twice the size of the body. Shooting stars can also have a deformation structure, allowing for a lower shadow but it must be very short. Note: 1. The longer the upper shadow, the shorter the lower shadow, and the smaller the body, the more significant it is. 2. A peak that appears at the end of an upward trend is likely a signal that the trend is about to correct or end. 3. The top rises first and then falls, which is generally a false breakout; consider shorting. 4. The shooting star lacks strength and is not at a key position, so discard it immediately! #Gate 新上线 WLFI##九月份加密市场能否突破##Gate重磅上线GUSD##Gate广场创作者星火计划#
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Shooting star is a single bearish reversal candlestick in 12K gold. It is often used as a signal that an upward trend is about to correct or end.
A shooting star has no requirements for color; it can be a bearish or bullish line, but it has high demands for position and structure. First, regarding position, it must occur during an uptrend; second, concerning structure, the most perfect scenario is to only allow a long upper shadow, disallowing any lower shadow, and the shadow part must be at least twice the size of the body.
Shooting stars can also have a deformation structure, allowing for a lower shadow but it must be very short.
Note:
1. The longer the upper shadow, the shorter the lower shadow, and the smaller the body, the more significant it is.
2. A peak that appears at the end of an upward trend is likely a signal that the trend is about to correct or end.
3. The top rises first and then falls, which is generally a false breakout; consider shorting.
4. The shooting star lacks strength and is not at a key position, so discard it immediately!
#Gate 新上线 WLFI# #九月份加密市场能否突破# #Gate重磅上线GUSD# #Gate广场创作者星火计划#