Shooting Star

Shooting Star

Last Updated on 2023-12-13 by Admin

 

Notes

  • Single candle
  • Bearish pattern
  • Inverse of a hammer
  • More powerful than the hammer
  • Colour of the body does not matter
  • Must come after an uptrend
  • Long upper shadow must be at least twice the height of the real body
  • Works better compared to hammer
  • High of the pattern is the resistance
  • Resistance is usually tested less frequently
  • The real body must be as small as possible
  • The lower shadow must be as small as possible
Admin