Price is about to retrace. It is a reversal pattern if you get a gap up then a pull back near to the open and the next day it is perfect if you get a gap down or an open close to the lower part of the candle. There are plenty of sites on candlestick charting or you can read Louise Bedfords' book "The Secrets of Candlestick Charting". I don't take too much notice of them generally but the shooting star I do particularly look for as a reversal signal.
CEY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
