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Shooting Star

 

Description

 

This reversal pattern is one of the 12 major candlestick patterns.

 

At the top of an uptrend, it is a small white body with a shadow two times or greater the size of the body, with no lower shadow or a very small one. The longer the upper shadow, the better potential of a reversal. The color is not important, although a black shooting star would have a  bearish bias.

 

Confirmation is needed the following day with a black candlestick or a gap down with a lower close.

 

Market Opinion

 

Bearish.

 

Pattern

 

Description: Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\Shooting Star_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
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