Shooting star context

The idea

An upper wick after a rally may show rejection of higher prices. It is a hypothesis that needs context and confirmation.

Try the scenario

A shooting-star-like candle forms below resistance.

Check your understanding

Which event weakens a bearish interpretation?

• Price subsequently holds above its high
• A red body
• A longer upper wick

Think through the example before checking your answer in the game. Verified player accounts can save lesson mastery and earn knowledge XP.