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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.
Last updated: 18-Apr-2010
What is Shooting Star Candlestick?
Properties of a Shooting Star:
- Open, Low, and Closing price are near to each other.
- Happens in an uptrend.