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The pattern tells you that buyers pushed price higher during the session but couldn't hold it. Sellers stepped in and pushed price back down near the open. This failed breakout attempt signals potential weakness.
Page Notes
How this page was made
This pattern page is written by CandleDojo as an educational reference tied to the platform's chart-reading methodology and practice tools. Pattern meaning depends on context, timeframe, and market structure.
Shooting Star In One Paragraph
The Shooting Star is a bearish reversal pattern that appears at the top of an uptrend. It has a small body near the bottom of the candle and a long upper wick - at least twice the body length.
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