The The shooting star is a bearish reversal pattern that usual... More is a that usually occurs at the end of an , and can be identified by having a long upper wick and a small body.
The long (1) shows that buyers initially pushed the What are value stocks? A value company is a company that app... More up, but sellers came into the What are value stocks? A value company is a company that app... More and pushed it back down, hence its bearish characteristic. It can indicate a change in the What is a market trend in trading? A market trend is the ten... More.wick
In What is a trade order? In trading, an order can be defined... More to be valid, the following criteria should be fulfilled:
- The shadow should be 2x or 3x longer than the body
- There should only be a small or no lower wick