Shooting Star Candle Illustration:-

Indication:- Bearish Reversal.

Reliability:- Medium to High.

Illustration:- A shooting star is a bearish candlestick with a long upper shadow, little or no lower shadow, and a small real body near the low of the day. It appears after an uptrend. … For a candlestick to be considered a shooting star, the formation must appear during a price advance.

Checkpoints:- Volume on today’s candle is on the higher side. Also, it appears at the monthly pivot point (2240.10)

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