Quote from: Okurkabinladin on February 01, 2015, 09:25:41 PM

Quote from: oda.krell on January 28, 2015, 12:16:39 PM

Bulkowski on the 'shooting star':

Quote

Day traders that I know depend on the shooting star more often than I think they should, but my statistics are based on the daily charts, not intra day ones. I found that the shooting star candle acts as a bearish reversal 59% of the time. I consider that "near random" performance.

http://thepatternsite.com/ShootingStar.html

But that's his result for traditional markets. Possible that in BTC, shooting star is a better predictor.

This is not bearish reversal, though, as we didnt leave bear market in the first place. It could be merely continuation signal for existing trend.

Looks like there could be a 2 line shooting star forming on the 1day chart on finex... bullish