Don't Get Sucked In To Sell., page-91

Itchi,

At first glance, that looks alarming, however it is very deceptive. No question the shooting star has bearish connotations however ...
In the link you sent (thank you, interesting refresher) the chart illustrations were on a 1 minute and 2 minute chart!! i.e. 3 times a price movement on that scale is tiny and relatively insignificant. The POS chart you sent circled the weekly action in June '16 which has a shooting star pattern like the week just passed - true. However in reality the measurement implications were a small fraction of 3 times - insignificant, in fact.
Below I have circled two additional previous weekly shooting stars when in fact resumed an upward direction following these formations. One only needs to consider that 3 times the height of last week's "SS" would take the share price to a negative value to see how ridiculous applying it to weeklies can be ... Minute chart/hourly, more reliable I expect, but far less so over bigger time frames.

Kip