Education | Technical Indicators | Candlesticks | Chart Patterns

Shooting Star

The Shooting Star is a bearish reversal pattern. It occurs in an upper trend which indicates that the market opens at the lows of the season, rallies and pulls back to the bottom.

Recognition Criteria:

• A very long upper shadow.
• The small real body at the lower end of the price range.
• The real body gaps away from the prior real body.

(Confirmation is suggested.)

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