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brown, is it still technically a shooting star even when there's no gap between the candles? Or would that be some island reversal type thing if the gap was there? Im not as well versed on all the names as I probably could be I guess. |
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I believe your chart is showing a shooting star in book terms. But, I personally prefer inverted hammer b/c that's what I see - an upside down hammer.
The important part is understanding why that is bearish, which you obviously get. Nate and others reading this need to understand WHY that candle is bearish and not be overly concerned about what to call it. Call it 'Tin's Bearish Candle' for all I care!