What is a Shooting Star?
🐻 It’s a bearish reversal candlestick pattern that forms after an uptrend, signaling a potential price reversal.
🕯 The long upper wick shows buyers couldn’t sustain the higher prices, paving the way for sellers to take control.
🟠Key Features:
🔢 Small body, long upper wick
🔢 Appears at the end of an uptrend
🔢 Signals potential downward movement
Courtesy: FBS
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