Shooting Star is a bearish trend reversal candlestick pattern consisting of two candles.
The Shooting Star candlestick pattern is recognized if:
The first candle is bullish and continues the uptrend;
The second candle is short and gaps up from the first candle;
The second candle has a long upper shadow and does not have the lower one.
||The number of candles used to calculate the average body height.|
||The number of preceding candles to check if the trend exists.|
||The factor used when checking if a candle is short. A candle is considered short if its body height is lower than the average multiplied by this factor.|
||The factor used when checking if a shadow is long. A shadow is considered long if its length exceeds body height multiplied by this factor.|
||The Shooting Star candlestick pattern.|