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Shooting Star

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Last Updated on: 15th February 2021, 12:57 am

In the Candlestick Trading Strategy, a shooting star is a bearish reversal pattern that is formed after a bullish trend in the market. It’s identical to “Inverted Hammer” as it has a long upper shadow (wick), small lower body, and little or no lower shadow (wick). Besides this, it exhibits the weakness in a buying trend and signifies a potential selling trend in the market.

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Open Position

An active trade that has yet to be closed.

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