Candlestick patterns › Shooting star

Shooting Star Candlestick

A shooting star is a single candle with a small body near the bottom and a long upper wick, appearing after a rise. Buyers pushed the price up during the session, but sellers drove it back down by the close.

Shooting star candlestick at the top of an uptrend
A shooting star after a rise, followed by falling candles.

What a shooting star looks like

The long upper wick shows that higher prices were rejected: buyers took the price up, then sellers took over and closed it near the open. A filled body is usually read as slightly more bearish than a hollow one.

Confirmation

Traders often wait for the next candle to close below the shooting star’s body, and give the signal more weight at a level where sellers have appeared before, such as resistance.

Shooting star vs inverted hammer

They’re the same shape. After an uptrend it’s a shooting star (bearish); after a downtrend it’s an inverted hammer (bullish). The trend before the candle decides the name.

Finding it on TradingView

TradingView has built-in candlestick pattern indicators that mark patterns on the chart for you. Click Indicators at the top of the chart and search for the pattern name. You can also practise spotting patterns on past price action with Bar Replay, which hides the candles to the right so you can’t see what came next.

No pattern is a guarantee. Patterns describe how buyers and sellers behaved; they don’t predict the next move on their own, and they fail often. Traders usually wait for confirmation, look at where the pattern forms (after a trend, at support or resistance), and decide their exit before they enter. Size the trade with the position size calculator.

Diagrams are illustrations drawn from example prices. Hollow candles closed higher than they opened; filled candles closed lower. ChartWatch doesn’t give trading advice.

FAQ

Is a shooting star bullish or bearish?
Bearish. It appears after an uptrend and shows that buyers couldn't hold higher prices. Traders usually wait for the next candle to confirm it.
What is the difference between a shooting star and an inverted hammer?
They have the same shape. A shooting star forms after an uptrend; an inverted hammer forms after a downtrend.
What is the opposite of a shooting star?
The hammer: a small body near the top with a long lower wick, after a downtrend.

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