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What is Star Candlestick Pattern means in Silver Chart?

STAR CANDLESTICK PATTERN is a trend reversal pattern. It is always form in the top and the bottom in the trend.

Look the silver mcx daily chart which is attached here. Star candlestick form in the top in silver. For more information about the candlestick patterns Join NIFM. Visit Our website www.nifm.in.

Silver March contract inched 147 rupees up to settle at 38668. Silver settled with a star candlestick pattern and settled with positive bias. Today support would be at 38100 and then at 37800 any sustained move below 37800 would open the doors for a retest to 37200-36900 zones. Areas of 36600 would remain key support. Resistance is now seen near 39050 any sustained move above that level would bring more charm and then we will see a rally towards 39400-39700-40300 and more upside.

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