Shooting Star

bearish

Definition

Small body at the bottom with a long upper wick after an uptrend.

Buyers pushed price way up, but sellers slammed it back down by the close. Sellers are taking over.

💡 A rocket that shot up, ran out of fuel, and fell back to the launchpad.

Bearish candle next session.

Close above the star's high.

Strongest after extended uptrends at resistance.

~55-60% when confirmed · Medium reliability

1. Is the Shooting Star generally considered bullish, bearish, or neutral?

2. What is the best practice before acting on a Shooting Star?

3. Which is a common beginner mistake with the Shooting Star?

Educational and probability-based analysis only. This is not financial advice and not a prediction of real market outcomes.