Shooting Star
BearishA bearish reversal pattern with a small body and long upper wick, showing buyers tried to push higher but sellers took control.
Pattern Visualization
How to Identify
- Small body at bottom of range
- Upper wick at least 2x body length
- Little to no lower wick
- Appears after uptrend
Trading Tips
Confirm with next candle closing lower. Enter short below shooting star low. Stop above high.
A bearish reversal pattern with a small body and long upper wick, showing buyers tried to push higher but sellers took control. The shooting star forms when price opens, rallies significantly, but then sellers push price back down to close near the open.
When to Trade
The shooting star is most effective when it appears after a sustained uptrend at resistance levels. It signals that buyers are losing momentum and sellers are beginning to dominate. Always wait for bearish confirmation with the next candle closing below the shooting star’s low.
Key Characteristics
- Body Location: Small body at the lower end of the trading range
- Upper Shadow: At least twice the length of the body
- Lower Shadow: Minimal or nonexistent
- Trend Context: Must appear after an uptrend for validity
Success Rate
With an 82% historical success probability, the shooting star is a highly reliable bearish reversal signal. The pattern’s effectiveness increases when it appears near key resistance levels or with overbought technical indicators.