ilmscore | Prediction Details
"so what we know about those candles is when you have a stock that's you know rallying up pushing in higher here and then all of a sudden has this candle what does this communicate weakness this communicates weakness because although it squeezed up the sellers pulled it back down so a shooting star is a indicator of a possible reversal now if that shooting star is red it's even worse because what it means is that we opened we pulled we squeezed up and then we actually closed lower and the reversal has already begun and it usually continues with a second red candle pullback so so fortunately in this case on foxo this morning the shooting star was a green candle so not as bad as if it were a red candle but certainly it was a problem so I didn't take a trade there"
By Ross Cameron - Warrior Trading | November 12, 2024 | Pending
From video
Big Momentum with $FOXO +774% and $BTCT +350% 00:05:55 - 00:06:37
Interpreted Prediction
A shooting star candle pattern, especially a red one, signals a potential reversal, indicating weakness when a stock rallies and then sellers push it back down.

Prediction Details

Topic
Stock Reversal Indicator

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