What is working " Shooting star " candel in stock market

A "shooting star" candlesti

ck pattern is a technical analysis term used in the stock market. It typically indicates a potential reversal of an uptrend. This pattern is characterized by a small body at the top of the price range, a long upper shadow, and little or no lower shadow. It suggests that buyers initially pushed the price higher, but by the end of the trading session, sellers took control, causing the price to close lower.

Traders often interpret the shooting star as a bearish signal, indicating that a potential trend reversal may be imminent. However, like all technical patterns, it's essential to consider other factors and use additional analysis to make informed trading decisions.