Shooting Star candlestick pattern

1-candle patternPossible bearish signal

Shooting Star candlestick pattern

Price rises, sellers push it back down. A long upper wick shows the rejection of higher prices.

After a price advanceClose above openClose below open

Illustrative candles, not a live chart. Each candle covers one chart interval.

Spot it in 3 steps

What to check next

A later close below the shooting star’s low adds bearish confirmation, not a guaranteed fall.

Common mistake

After a decline this shape is an inverted hammer. Do not confuse the two or act before the candle closes.

Definition reference: CMC Markets · Shooting star

Educational example, not a trade recommendation. Patterns can fail. Check the wider trend, support and resistance; practise on demo rather than assuming the next trade will win.

Shooting Star candlestick pattern