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Shooting Star

They have to be at the top of up rends. They are easy to spot due to their extremely long wicks at the top. These are eye catchy. A trader might sell short the following candle with stops above the top of the wick. Or if long, a person could simply take profits on the next candle. Remember, a candle isn’t anything until it’s fully formed (closed). Before it closes out it could become anything no matter what it looks like presently. See an example of a shooting star below. It has a very small candle body at the bottom with extremely long wicks above it (at least 2-3 times the size of the body).

Chart Example

See the Shooting Star pattern also on the chart of Ford below.

Chart Example



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