It is single candlestick pattern It is the exact opposite of hammer.
For reversal from uptrend to downtrend the following conditions should met.
1. Occurs after uptrend.
2. Should form at resistance
3. Ofcourse high volume (buyers should get trapped).
For reversal from uptrend to downtrend the following conditions should met.
1. Occurs after uptrend.
2. Should form at resistance
3. Ofcourse high volume (buyers should get trapped).
The name shooting star is apt as the prices keep falling after that
like a shooting star until it touches to the ground (which is support in
our case).
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