Shooting Star
Also known as: Shooting Star candle
Small body at the bottom with a long upper wick, after an uptrend. A rejected buyer attempt – a bearish reversal signal.
What it looks like
Long upper wick (at least about twice the body), little lower wick, body at the lower end.
What it means
Buyers drove price up, but sellers pushed it all the way back by the close – strength is tipping over.
How it is traded
Short entry usually after a confirming red follow-up candle; stop above the high of the wick.
Where & when – and the limits
Only a reversal signal after an uptrend. Identical in shape to the inverted hammer – only the preceding trend tells them apart.
Related patterns
Education, not investment advice. Candlestick patterns are hints, not guarantees – they need confirmation and context (trend, levels, volume). Always manage risk with stop-loss and position size.
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