Shooting star is a single candle bearish reversal formed at the top. Previously shooting star formed in the month of January 2021 but unable to reverse the trend. This time scenario has changed, if we observe chart structure then definitely price is moving up but volume is going down, volume did not confirm the price rally.
Closing below 17400 confirm the bearish signal and then we can expect a sharp recovery up to 15000
Please note that bearish pattern means market likely to go down or remain neutral.
Closing below 17400 confirm the bearish signal and then we can expect a sharp recovery up to 15000
Please note that bearish pattern means market likely to go down or remain neutral.