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Shooting Star

[ 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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