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Crypto · candlestick pattern
Shooting star on Optimism
On Optimism the shooting star showed up 229 times. The target came first 33% of the time, the stop 60%, and 7% went nowhere within 12 candles.
Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 4 | 25% | 75% | 0% |
| 4-hour | 55 | 31% | 58% | 11% |
| Hourly | 170 | 34% | 60% | 6% |
Optimism against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Optimism | 229 | 33% | 60% | 7% |
| All Crypto charts | 7,266 | 36% | 57% | 7% |
| Every market | 10,013 | 36% | 57% | 7% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2022 | 32 | 31% | 59% |
| 2023 | 59 | 34% | 53% |
| 2024 | 57 | 40% | 54% |
| 2025 | 46 | 22% | 72% |
| 2026 | 35 | 34% | 66% |
The last 8 times
- 25 Sep 2026, 16:00 UTC · hourly · stop first after 2 candles
- 22 Sep 2026, 18:00 UTC · hourly · stop first after 3 candles
- 17 Sep 2026, 14:00 UTC · hourly · stop first after 1 candle
- 5 Sep 2026, 08:00 UTC · hourly · stop first after 2 candles
- 5 Sep 2026, 03:00 UTC · hourly · stop first after 3 candles
- 1 Sep 2026, 00:00 UTC · 4-hour · stop first after 1 candle
- 23 Aug 2026, 16:00 UTC · hourly · target first after 8 candles
- 21 Aug 2026, 06:00 UTC · hourly · stop first after 2 candles
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 Optimism
Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them
The shooting star elsewhere
Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Dow Jones · Sony · GBP/USD · EUR/JPY · Silver
Questions
How often does the shooting star work on Optimism?
In 229 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 60%; 7% went nowhere within 12 candles.
What is the shooting star?
After a rise, buyers pushed up and sellers slammed it back down.