Shooting Star

From The Free Forex Encyclopedia

Jump to: navigation, search

A single candle pattern that can appear in an uptrend. It opens higher, trades much higher, then closes near its open. It looks just like the Inverted Hammer except that it is bearish. A shooting star can mark a top but is often retested.

Image:shooting-star.gif

School of Pipsology:

Lone Rangers - Single Candlestick Patterns

Japanese Candlestick Cheat Sheet

Related Articles:

USD/JPY: Wishing on a Shooting Star

Question about Hammers, Shooting Stars and Hanging Men (forum post)

Shooting Star and Divergence at the Top DATR on Cable

USD/CAD short at the Shooting Star

"Take time to deliberate, but when the time for action has arrived, stop thinking and go in."
Napoleon Bonaparte
Clicky Web Analytics