Shooting star candlestick
bearish · candle pattern
A shooting star is the bearish mirror of the hammer: a small body near the low of a long upper shadow, forming at the top of an uptrend. The long upper shadow shows buyers were rejected at higher prices.
Formation rules
- Long upper shadow at least 2× body size
- Small or negligible lower shadow
- Body near the low of the candle
- Forms after an uptrend
How to trade it
Short on next-candle confirmation below the shooting star's low. Stop above the upper shadow.
Common pitfalls
- No edge without prior uptrend context
- Confirmation is required
Statistical context
Symmetric reliability to hammer when context confirms.
Related patterns
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