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Bearish Shooting Star
| This pattern signals a trend... | How to identify... | Similar pattern(s)... | | Reversal | - Price gap open to the upside.
- Small real body formed near the bottom of the price range.
- The upper shadow at least three times as long as the body.
- The lower shadow is small or nonexistent.
| | 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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