Shooting Star
- Type: Reversal
- Relevance: Bearish
- Prior Trend: Bullish
- Reliability: Low
- # of Sticks: 2
Definition:
The Shooting Star patters starts with an uptrend that after a long up candle gaps higher and continues to rally. At some point during the candle, sentiment reverses and the stock drifts lower creating a small body (can be up or down) with a long shadow.