๐ฏ Candlestick Mastery #4: The Shooting Star
๐น What It Is โ
A candle with a small body near the bottom and a long upper wick (at least twice the body length), little to no lower wick.
๐น Meaning โ
Appears after an uptrend, signaling that buyers pushed price up but sellers took control โ possible bearish reversal.
๐น How to Identify โ
โ Long upper wick.
โ Small lower wick or none.
โ Appears after an uptrend.
๐น How to Trade It โ
1๏ธโฃ Wait for the next candle to close lower.
2๏ธโฃ Stop-loss above the Shooting Starโs high.
3๏ธโฃ Target support level.
๐ก Pro Tip: Stronger signal when volume spikes on Shooting Star day.
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