Here's an account of sideways price action in pharmacy stock called Auropharma. Please refer the 5-minute chart below. I have marked open candle. The open candle can be called as shooting star as it appears after a prolonged rise that's been on since last two trading sessions.
A strong bullish candle took price little higher only to find stiff resistance near current weekly pivot 'R2'. An aggressive could go short within 30 minutes into trading with tight stop loss in place. Price meandered sideways for the rest of the day.