Shooting Star Candlesticks (How To Profit From Them)

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In this video, I discuss how to use the "shooting star" candlestick pattern as a reversal indicator. One can use it either to take profits in an uptrend, or to initiate a short position, setting one's stop loss at the top of the shooting star.

The shooting star candlestick is a great indicator of resistance areas, where sellers come in and take control of a stock, reversing the trend and driving the stock lower.

Not investment advice! Consult a financial advisor.

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