Candlestick Fundamentals – Pt 3: Shooting Star 🌠
📊 Shooting Star = potential bearish reversal
A Shooting Star appears after an uptrend, indicating sellers are pushing back at highs.
How to recognize it:
• Small body at the bottom of the candle
• Long upper shadow (at least 2–3 times the body)
• Little or no lower shadow
💡 Tip: Look for Shooting Stars near resistance levels.
Confirmation comes from a red candle after the Shooting Star.
💬 Question: Do you use Shooting Stars for short entries or taking profits?