Today, it has opened at 0.5 and move up to 0.525 before closing low at 0.49. This formed a shooting star, in term of candlestick, which is a reversal sign and will be confirm if there is a gap down tomorrow. But if it is able to move above 0.5, then it will turn to a bullish sign again.
Shooting Star : The shooting star is made up of one candlestick (white or black) with a small body, long upper shadow and small or nonexistent lower shadow. The size of the upper shadow should be a least twice the length of the body and the high/low range should be relatively large. Large is a relative term and the high/low range should be large relative to the range over the last 10-20 days.
For more information on shooting star, please visit http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_bearish_
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