Darren Winters of Win Investing Candle Reversal No 7:
A Shooting Star sends a warning that the top is near. It got its name by looking like a shooting star.
The Shooting Star Formation, at the bottom of a trend, is a bullish signal. It is known as an inverted hammer. It is important to wait for the bullish verification. Now that we have seen some of the basic signals, let’s take a look at the added power of some of the other formations.