Bearish Shooting Star Reversal
This is a two-period candle pattern occurring after an upward trend. The first candle shows an upward trend. The second candle opens above the closing price of the first candle. The price rises quickly, but the candle closes near to the opening prize, thus creating a shadow at least twice as long as the candle body. This pattern can indicate the reversal of the trend.
This is a two-period candle pattern occurring after an upward trend. The first candle shows an upward trend. The second candle opens above the closing price of the first candle. The price rises quickly, but the candle closes near to the opening prize, thus creating a shadow at least twice as long as the candle body. This pattern can indicate the reversal of the trend.