Shooting Star Candlestick

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Definition of 'Shooting Star Candlestick'

A Shooting Star is a Japanese Candlestick Chart pattern signaling a bearish reversal. This is a single candle pattern that appears in an uptrend. It opens higher, trades even higher, then closes near its open, usually below. It looks like an Inverted Hammer.

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Properties of a Shooting Star:

Open, Low, and Closing price are near to each other.
Happens in an uptrend.

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