TECHNICAL ANALYSIS FOR BEGINNERS PART (7)

SHOOTING STAR CANDLESTICK PATTERN;

It's the opposite of a hanging man(Part 6), and it's found at the bottom of a downtrend.

The body is at the bottom of the candle, and the long upper wick shows that buyers tried to push the price up, but the sellers rejected the price and brought it back down.

Just like the hanging man, the shooting star is a warning sign that the trend could be about to reverse.