The same shape as an inverted hammer (small body near the low, long upper wick) but after an advance. Buyers pushed up and were rejected.
How traders use it: Most relevant at resistance or after a sweep of a high. Confirmation: the next candle closing below the shooting star's body or low.
Common mistake: Ignoring the trend: in strong uptrends many shooting stars are followed by higher prices.
Related: Inverted hammer · Pin bar · Gravestone doji
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Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.