Candlestick Patterns
Shooting Star
The Shooting Star is a bearish reversal pattern represented by one candle. It is a red candle with a small body and long upper wick. It is usually found during bullish trends and shows how the bearish pressures heavily reject the price when it tries to keep increasing. Since this Shooting Star foresees a potential increase of the supply volume, the price is likely to reverse and head downwards. Therefore, this pattern will generate a sell in your strategy.
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