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Investments glossary

Shooting Star Definition and Applications

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Quotes of the day:

Early morning hath gold in its mouth.

— Benjamin Franklin

A shooting star is a bearish candlestick with a long upper shadow, little or no lower shadow, and a small real body near the low of the day. It appears after an uptrend. Said differently, a shooting star is a type of candlestick that forms when a security opens, advances significantly, but then closes the day near the open again.

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