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Re: Es Charts
Mal - the spinning top you have labeled as a shooting star does not necessarily signify the end of the up move. Your candle preceding this shooting star is also a high volume spinning top as well. So you have 2 back-to-back high volume spinning tops on a 60 min chart. One could argue that the spinning top, like a doji, symbolizes an equilibrium in the market, not signifying the end of the current trend. Had you shorted the initial high volume spinning top, there's a good chance your stop was taken out on the next high volume spinning top. And as of the time of your screen shot, you have a bullish hammer as well.
Some food for thought.
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