As we can see on LTCUSD 3h chart, bearish shooting star is formed after a bulls rally.
For now, PRICE TRADE BELLOW SHOOTING STAR'S REAL BODY, which is confirmation of bearish pattern, and if latest candlestick close red, then it will be a stronger bearish sign.
Bull trap?
For now, PRICE TRADE BELLOW SHOOTING STAR'S REAL BODY, which is confirmation of bearish pattern, and if latest candlestick close red, then it will be a stronger bearish sign.
Bull trap?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.