Lessons › Candlesticks › The shooting star
World 1 · Candlesticks · lesson 4 · level 1
The shooting star
A shooting star after a rise shows buyers reached high but sellers slammed the price back down.
What it is
After a rise, buyers pushed up and sellers slammed it back down.
Your task in the app
Find the shooting star. Then decide: buy, sell, or wait?
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 125 | 29% | 67% | 4% |
| United States | 162 | 41% | 56% | 4% |
| Japan | 73 | 45% | 52% | 3% |
| Crypto | 1,597 | 36% | 55% | 9% |
| Forex | 179 | 38% | 55% | 7% |
| Commodities | 56 | 27% | 64% | 9% |
Counted on real past charts by the Trading Class research engine, 2,192 cases in all. Past odds, not a forecast.
Read more on the Shooting star pattern page.
Goal of this lesson: Recognize a shooting star after a rise and what it warns about.