Shooting star
Technical analysisA candle with a small body near the bottom and a long upper wick, appearing after an advance.
In plain terms
Buyers ran it up and got sold into. Bearish — after confirmation.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
A candle with a small body near the bottom and a long upper wick, appearing after an advance.
Buyers ran it up and got sold into. Bearish — after confirmation.
A candle with a small body near the bottom of its range and a long upper wick, appearing after a decline.
The same shape as a shooting star, read the other way because of what came before. Cautiously bullish, and worth nothing until the next candle confirms.