price action trader

The most commonly used price action indicator is the study of price bars which give details such as the open and closing price of a market and its high and low price levels during a specific time period. The most commonly used price bars which are used as a price action indicator, are called candlesticks. Shooting Stars The Shooting Star Signal is a one candle pattern appearing in an uptrend. The shadow (or tail) should be at least two times the length of the body. The color of the body is not important, although a black body has slightly more Bearish indications. Rules The real body is at the lower end of the trading range. The color of the body is not important although a black body should have slightly more bearish implications. The upper wick should be at least … Read more