Shooting star
A small body near the bottom with a long upper wick, after a rise.
What it shows
A shooting star has a small body in the lower third of the bar, an upper wick at least twice the body and little or no lower wick. It appears after a rise.
During the bar price climbed and then fell back to near the open.
How we find it
The same code that draws it on your chart follows these steps, with the same result every time.
- Check price rose over the last 5 bars.
- Body in the lower third of the range.
- Upper wick ≥ 2× body.
- Lower wick very small.
Starting values: Upper wick ≥ 2× body; Prior rise 5 bars. These are proposed and will be tuned on real price data before launch.
How to read it
- The gold candle is the shooting star.
- Its long upper wick shows a high that was not held.
- Candles before it rise.
Status labels you may see
| Label | What it means |
|---|---|
| Today | Rule met on the last bar. |
| Recently | Within the last 5 bars. |
| None | Not found. |
What cancels it
Nothing cancels it.
What traders check next
- The next bar.
- Volume.
- Height of the wick.
Limits
- Common.
- Meaning varies.
- Single bar.
Try it in forecastviz
- Open any ticker and choose Candlestick patterns → Shooting star in the left menu.
- Switch between 3M, 6M to see how the picture changes.
- Compare with Inverted hammer and Hanging man on the same chart.
Questions
How is it different from inverted hammer?
Same shape. Inverted hammer comes after a fall.
Is it bearish?
The name is a convention. We make no claim.
Related trends
Further reading
- Nison, Japanese Candlestick Charting Techniques
- Bulkowski, Encyclopedia of Candlestick Charts
- Morris, Candlestick Charting Explained
Educational only. Not financial advice, and not a price forecast. Charts are drawn by code from past price data, which may be delayed.