Shooting Star

If you see a Shooting Star, understand that the party is over. An uptrend is underway. Everyone is happy. The price is going up. Then one day, this candle forms: a narrow body below, a long wick above. What does this mean? Buyers used all their strength to push the price up. They took it from ₹600 to ₹610. That's when the big players woke up. They said, "It's too expensive, brother." They started selling. The sellers' attack was so intense that the price crashed to ₹592. That long upside wick is a rejection. The market refuses to go up. This is where greed ends and fear begins. But remember, this candle doesn't work everywhere. It only works when it forms after an uptrend, and at resistance, such as an old high or the 200 EMA, and when there's high volume on that day. If volume is low, it's fake. If it's formed in the air, ignore it. If a Shooting Star appears at resistance with volume, stop buying. Either book a profit or consider selling, because the next move is down.

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