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Shooting Star |
Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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Shooting Star In candlestick charting, a situation in which a security, which was trading above its opening price for most of the trading day, suddenly reverses and closes down for the day. This is represented on the candlestick chart by a (usually short) black candle with a long upward shadow, which looks like a wick. Shooting stars occur during a bullish trend and may indicate reversal. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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