SHOOTING STAR
22 February 2017 By PDSNETA top reversal candlestick formation consisting of a candle with a small body and a long upper shadow. This candlestick formation is the inverse of the hammer and derives its significance from the length of it's upper shadow. The longer the shadow the stronger the signal as this represents the failure of the bulls to drive the price up and keep it there. The upper shadow should be at least twice the length of the body of the candle. The lower shadow should be small or non-existent. The colour of the candle should preferably be red.
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