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Shooting Star Candle:

Shape: A small body at the bottom and a long upper shadow (the upper shadow is at least twice the length of the body), with no lower shadow or a very small shadow.

Location: Appears after an upward trend.

Indicates: Suggests a potential bearish reversal (start of a decline).

Meaning: Buyers tried to push the price up, but sellers took control and closed the price near the opening.

Confirmation: It is preferable to wait for a bearish candle afterwards to confirm the reversal.

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