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Shooting Star Bearish Pattern

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Shooting Star Bearish Pattern

Shooting Star Bearish Pattern Basic Info

The shooting star is a small real body characterized by a long upper shadow, which gaps away from the prior real body.

How to recognize Shooting Star Bearish Pattern

1. Market is Bullish – uptrend.
2. We see a green candlestick in the first day.
3. Prices then open with a gap creating a small real body at the lower end of the trading range on the second day.
4. Upper shadow of the pattern on the second day is usually at least twice as long as the real body.
5. However; second day pattern has no (or close to none) lower shadow. The of the second real body is not important

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