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US stock market · candlestick pattern

Shooting star on Amazon

On Amazon the shooting star showed up 26 times. The target came first 35% of the time, the stop 65%, and 0% went nowhere within 12 candles.

Counted on Amazon: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1164%36%0%
Hourly1513%87%0%

Amazon against the rest

ChartsFoundTarget firstStop firstWent nowhere
Amazon2635%65%0%
All US stock market charts74137%60%3%
Every market10,01336%57%7%

Year by year

YearFoundTarget firstStop first
202460%100%
2025540%60%
2026838%62%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the shooting star is

After a rise, buyers pushed up and sellers slammed it back down.

A firework shoots high into the sky, sparkles, and then falls back down. A shooting star candle is like that: after a rise, price shot up during the candle, then sellers pushed it back down near where it started. The long top wick is the trail it left behind.

The full shooting star lesson, video and quiz ›

Other patterns on Amazon

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Gap up · Gap down · MACD bearish cross · EMA 9/21 bullish cross · MACD bullish cross · all of them

The shooting star elsewhere

Dow Jones · Alibaba · Tesla · Broadcom · Oracle · Microsoft · Meta · Intel · Boeing · Bank of America · Sony · GBP/USD · EUR/JPY · Silver · Ethereum · Bitcoin

Questions

How often does the shooting star work on Amazon?

In 26 cases on Amazon, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 65%; 0% went nowhere within 12 candles.

What is the shooting star?

After a rise, buyers pushed up and sellers slammed it back down.