Bearish Star

Bearish Star is a two-candle formation.

Irrespective of the color of the candle, the body of the next session candle is relatively smaller.  This is an indication that bulls are becoming weak. It indicates that the bulls are possibly losing the momentum.

Bearish star is a bearish trend reversal pattern. Smaller the body of the next session, better it is. If second candle is Doji, it is a stronger formation and known as a Bearish Doji star.

This formation needs more confirmation. Price sustaining below the body of the second candle in the subsequent sessions is a bearish sign.

You will find these patterns in the pattern as well as system builder section of the Definedge software.

Click here to learn more about the pattern.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

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