How does shooting star look like

The Shooting Star is a candlestick pattern to help traders visually see where resistance and supply is located. After an uptrend, the Shooting Star pattern can signal to traders that the uptrend might be over and that long positions could potentially be reduced or completely exited.

However, other indicators should be used in conjunction with the Shooting Star candlestick pattern to determine potential sell signals.

For example, waiting a day to see if prices continued falling or other chart indications such as a break of an upward trendline. For aggressive traders, the Shooting Star pattern illustrated below could potentially be used as a sell signal.

The red portion of the candle the difference between the open and close was so large with CSCO, that it could be considered the same as a bearish candle occurring on the next day. However, caution would have to be used because the close of the Shooting Star rested right at the uptrend support line for Cisco Systems.

Generally speaking though, a trader would wait for a confirmation candle before entering. The bullish version of the Shooting Star formation is the Inverted Hammer formation that occurs at bottoms. Another similar candlestick pattern in look and interpretation to the Shooting Star pattern is the Gravestone Doji. If you are interested in trading using technical analysis , have a look at our reviews of our recommended brokers to learn which tools they offer.

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It is easy to see how the shooting star earned its nickname. People are accustomed to seeing fixed points of light in the night sky, commonly known as stars and planets.

What they're not so accustomed to is observing one of these points of light falling out of place or suddenly burning out. When someone sees a meteor heat up and streak across the sky, it often looks like a real star dropping out of the sky. A particularly large meteor may continue to glow for several seconds, appearing to shoot across the sky under its own power. Therefore, the idea of a shooting star has become a popular shorthand to describe the phenomenon.

While a meteor may not be an actual star, it is definitely from outer space. The universe may look empty, but in actuality, it contains significant amounts of dust and rocks. If no button appears, you cannot download or save the media.

Text on this page is printable and can be used according to our Terms of Service. Any interactives on this page can only be played while you are visiting our website.

You cannot download interactives. For thousands of years, people have looked up at the night sky with questions. As technologies have advanced so to has our ability to investigate those questions.

First, with telescopes, then with satellites, then space rovers, and ultimately with manned spacecraft. Humans have set foot on the moon, successfully landed rovers on Mars, and even photographed other galaxies.

Take your classroom into the great beyond with these out-of-this-world resources. National Geographic Explorer Munazza Alam spends her nights and days studying stars. They might look like tiny dots of light, but each star is a massive ball of burning gas like our own sun.

The Milky Way galaxy alone is home to somewhere around billion of them! A meteor is a streak of light in the sky caused by a meteoroid passing through Earth's atmosphere. Join our community of educators and receive the latest information on National Geographic's resources for you and your students.

Skip to content. Twitter Facebook Pinterest Google Classroom. Background Info Fast Facts Vocabulary. Iron, which can give a meteor a yellow glow, is frequently used in fireworks to produce a gold color. Copper, which produces a tell-tale green or blue glow in meteors, isn't usually used for fireworks, however. Copper is unstable and difficult to manage at high temperatures.

Visible light is only a tiny part of the electromagnetic spectrum.