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The shooting star formation is the bearish version of?

a) Morning star
b) Bullish harami
c) Evening star
d) Bullish engulfing

User Lenita
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1 Answer

3 votes

Final answer:

The shooting star formation is commonly compared to the evening star formation, both indicating a bearish reversal in price movement on a chart.

Step-by-step explanation:

The shooting star formation in trading is a technical analysis pattern that signals a potential reversal in an uptrend, indicating that the price may start falling. It is identified by a small body near the bottom of the trading range with a long upper shadow and little or no lower shadow. The bearish version of the shooting star pattern is the inverted hammer. However, this is not one of the options provided. Among the choices given, the shooting star is often compared to the evening star formation, which is also a bearish reversal pattern similar in its intent to signal a downturn in price movement.

User Nikola Mitic
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