For a candlestick to be in star position, it must gap way from the previous candlestick. A gap up would definitely enhance the robustness of a shooting star, but the essence of the reversal should not be lost without the gap. Note from the chart below that there is also another shooting star prior to the "circled" one which held the stock for a while down before another upmove started..
Retracement strategy, a must for traders.
1 week ago
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