Shooting Star
A Shooting Star is a candlestick pattern in technical analysis characterized by a small real body near the bottom of the price range, a long upper shadow, and little or no lower shadow, typically forming after an advance.
Example: On a daily chart, a Shooting Star candle forms after a rally, with a small body near the bottom of the day’s range and a long upper shadow; the following session closes lower than the prior close.
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