Japanese Candlestick “Shooting Star” Pattern Warns of Possible Price Selloff
Of all of the Candlestick reversal patterns, the “Shooting Star” is regarded as one of the most potent and most reliable. We have a perfect example of the Shooting Star in Crude Oil yesterday, March 9. One could hardly wish ever to see a better example than this.
Not every Candlestick pattern works every time. Nevertheless, the record of the Shooting Star is so good that whenever a classic example such as this one appear, those who know its implications sit up and take notice.
http://www.candlesticksonsteroids.com
March 10, 2009
