The Shooting Star Candlestick Pattern Is Made Up Of a Single Candle and Formed at The End Of The Uptrend. It is a Bearish Reversal Pattern.
In This Candlestick Chart The Real Body is Located at The End and There is Long Upper Shadow. It is the Inverse of The Hanging Man Candlestick Pattern.
This Pattern is Formed when the Opening and Closing Prices are near to each other and the upper shadow Should be more than the twice of the real body.
* Important Points
1.The previous trend should be Uptrend
2.The upper Shadow is at least twice as big as the real body
3. The real body can be red or green ( Better if it is red)
4. The volume of the shooting star candle should be higher than previous 2 candles
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