A Shooting Star is a top reversal line just like the Hanging man. A Shooting Star displays a long upper shadow and its small real body is at or near the lows of the session.
A Shooting Star shows trouble overhead. Because of the Shooting Stars long bearish upper shadow, we don’t need any confirmation like the Hanging man.
A Shooting Star is a bearish reversal signal and it must appear during a rally (Uptrend).
A Shooting Star shows trouble overhead. Because of the Shooting Stars long bearish upper shadow, we don’t need any confirmation like the Hanging man.
A Shooting Star is a bearish reversal signal and it must appear during a rally (Uptrend).
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