#candlestick_patterns "A Shooting Star is a bearish candlestick pattern that appears after an uptrend, characterised by a small body at the bottom, a long upper shadow, and little or no lower shadow. A red candle indicates a stronger bearish signal. It forms when buyers push prices up, but sellers pull them back down, signalling weakening momentum. Confirmation can come from a bearish candle the next day, high trading volume, or its position near resistance, especially if the RSI is above 70.

For example, if a stock reaches $60 and forms a Shooting Star at $59.50, a decline may follow. Traders should be cautious of false signals in volatile markets and consider using stop-loss orders. Remember, the Shooting Star is different from the Inverted Hammer, which appears after a downtrend and may indicate a price increase."

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