I'm a beginner in Technical Analysis and would like feedback from others. Looking at STAR I believe a short-term down trend will take place. I've drawn trend lines and use the 5/10 SMA to determine the trend. I'm unsure of the hammer but after some resurgence the downward price action should continue.
Star is actually in a an upttend and the trend with the longer time frame of existence is the dominant one. with this in mind all trends have pull backs or consolidation periods in which they come down or up so that they can continue to move in the direction of the trend