+1 (646) 48 000 22 (New York, USA)If there was a large rise in price in the middle of the day, but before the day ended it decreased to what it was at the beginning of the day and even less, a significant downward return occurred. The candlestick of this change (move) will be a "Shooting Star" in a daily time frame. A Shooting Star formation on the daily time frame is a very strong indication for a high probability of decreasing price in the next few days.
If there was a large drop in price in the middle of the day, but before the day ended it increased to what it was at the beginning of the day and even more, a significant upward return occurred. The candlestick of this change (move) will be a "Hammer" in a daily time frame. A Hammer formation on the daily time frame is a very strong indication for a high probability of increasing price in the next few days.
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