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Trading glossary · candles

shooting star

A candle with a small bottom and a long line sticking up, found after a rise: buyers pushed up but sellers shoved price back down.

The fuller meaning

A single-candle pattern after a rise: a small body near the low and a long upper wick, showing buyers reached higher but sellers pushed price back. It warns the rise may be tiring; a lower close next adds confirmation, and the idea is wrong above the star's high. After a fall the same shape is an inverted hammer.

shooting star.

Related words

bearish · bearish engulfing · bearish harami · bearish marubozu · body · bullish · bullish engulfing · bullish harami · bullish marubozu · candlestick