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Shooting Star Pattern
A bearish reversal candlestick with a small body at the bottom and a long upper wick, appearing at the top of uptrends.
Quick Answer
A bearish reversal candlestick with a small body at the bottom and a long upper wick, appearing at the top of uptrends.
What Is the Shooting Star Pattern?
The Shooting Star is the bearish counterpart to the Inverted Hammer. It forms at the top of an uptrend and has a small body near the low with a long upper shadow. The pattern shows that buyers pushed prices higher, but sellers stepped in and pushed the price back down near the open, signaling potential reversal.
How the Shooting Star Forms
- 1Small body near the low of the candle
- 2Long upper shadow (2x body length minimum)
- 3Little to no lower shadow
- 4Forms after an uptrend
How to Confirm the Pattern
✓Appears at resistance level
✓Following candle closes below shooting star body
✓Gap down on next candle adds strength
✓Volume increases on the reversal
Best Timeframes for Shooting Star
1H4HDaily
How to Trade the Shooting Star
- →Identify potential top reversals
- →Time short entries after confirmation
- →Set stops above shooting star high
- →Combine with resistance levels
Common Mistakes to Avoid
✕Trading without confirmation
✕Ignoring the prior uptrend requirement
✕Confusing with inverted hammer
✕Not considering overall market context
Detect Shooting Star Automatically
VaultCharts automatically detects Shooting Star patterns on your charts. No manual analysis needed - the pattern is highlighted with entry zones and targets.