Shooting Star

 A shooting star is a bearish candlestick pattern that signals a potential reversal in an uptrend.into downtrend and it is formed at the top of the trend characteristics:

1. Shape & Structure:

• A small real body (near the low of the candle).

• A long upper shadow (at least twice the length of the real body).

• A little to no lower shadow.

2. Market Context:

• Forms after an uptrend.

• Indicates that buyers pushed the price higher, but sellers regained control and pushed it back down.

3. Interpretation:

• Suggests bulls are losing strength, and bears might take over.

• If confirmed by the next candle (a bearish close), it signals a trend reversal.

4. Confirmation & Volume:

• Stronger if it appears near resistance levels.

• High trading volume increases reliability.

• A gap down or a bearish candle the next day strengthens the bearish signal.