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Shooting Star

Candle2

The Shooting Star pattern is a trend reversal indicator.

Visually, this candlestick looks like an inverted hammer, with a small body of any color and a long upper shadow. There is practically no lower shadow. At the same time, the upper shadow is usually more than twice as long as the real body. In such a situation, open an Up trade if the price fell before this, and open a Down trade if the price rose before this.