Shooting Star
BearishReversal1 candleReliability:
Small body at the bottom, long upper shadow, at the top of an uptrend — a bearish reversal.
Description
Price spikes up intraday but is sold off hard to close near the low, leaving a long upper shadow like a shooting star's trail.
Market psychology
Euphoric buyers pushed price up but sellers overwhelmed and slammed it down — a sign of buyer exhaustion.
How to trade
Consider selling / taking profit once the next candle confirms; stop-loss above the upper shadow.
Confirmation
The next bearish candle closes below the body; stronger at resistance.
Also known as: Bearish pin bar
Educational content only — not financial advice. Cryptorua reads public market data and never places orders.