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Bearish Shooting Star

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Last 10 Days: 6 Last 10 Weeks: 9

Bearish Shooting Star

This pattern signals
a potential trend...
How to identify...Similar pattern(s)...
Reversal
  1. Price gap open to the upside.

  2. Small real body formed near the bottom of the price range.

  3. The upper shadow at least twice as long as the body.

  4. The lower shadow is small or nonexistent.
Gravestone Doji


Psychology...
The long upper shadow and small real body at the bottom of the trading range are cause for concern by the bulls. They wonder if this is the end of the uptrend and take measures to protect their gains.


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