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.)
Go to next candlestick