harribatu

Ibex 35 Bearish reversal - shooting star

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TVC:IBEX35   西班牙IBEX35指数
Más claro, chorizo pamplona.

The shooting star is a bearish reversal pattern that looks identical to the inverted hammer but occurs when price has been rising.

Its shape indicates that the price opened at its low, rallied, but pulled back to the bottom.

This means that buyers attempted to push the price up, but sellers came in and overpowered them. This is a definite bearish sign since there are no more buyers left because they’ve all been murdered.
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I guess it could go till 9k points.
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