Shooting
Star
Description
This
reversal pattern is one of the 12 major candlestick patterns.
At
the top of an uptrend, it is a small white body with a shadow two times or greater
the size of the body, with no lower shadow or a very small one. The longer the
upper shadow, the better potential of a reversal. The color is not important,
although a black shooting star would have a bearish bias.
Confirmation
is needed the following day with a black candlestick or a gap down with a lower
close.
Market
Opinion
Bearish.
Pattern