Shooting Star Candlestick

A Shooting Star is a Japanese Candlestick Chart pattern signaling a bearish reversal. This is a single candle pattern that appears in an uptrend. It opens higher, trades even higher, then closes near its open, usually below. It looks like an Inverted Hammer.

Properties of a Shooting Star:

• Open, Low, and Closing price are near to each other.
• Happens in an uptrend.