Candlestick Patterns→ Pattern Detail
Shooting Star
A bearish reversal candle with long upper wick at resistance
A shooting star has a small body near the bottom and a long upper wick (at least 2x body). It shows buyers pushed price up but sellers rejected it - a bearish reversal signal at resistance after an uptrend.
✓How to Recognize
- •Small body at bottom of candle
- •Long upper wick (2x+ body length)
- •Little to no lower wick
- •Appears at resistance after advance
⚡How to Avoid
- →Don't buy shooting stars at resistance
- →Must appear at resistance for validity
- →Wait for bearish confirmation candle
- →Not valid in RANGE regime