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US stock market · candlestick pattern

Shooting star on Oracle

On Oracle the shooting star showed up 25 times. The target came first 48% of the time, the stop 52%, and 0% went nowhere within 12 candles.

Counted on Oracle: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1164%36%0%
Hourly1436%64%0%

Oracle against the rest

ChartsFoundTarget firstStop firstWent nowhere
Oracle2548%52%0%
All US stock market charts74137%60%3%
Every market10,01336%57%7%

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 Oracle

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap up · Gap down · Doji · MACD bearish cross · MACD bullish cross · Volume profile bounce · all of them

The shooting star elsewhere

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

Questions

How often does the shooting star work on Oracle?

In 25 cases on Oracle, the target (1.5 × ATR) came before the stop (1 × ATR) 48% of the time and the stop came first 52%; 0% went nowhere within 12 candles.

What is the shooting star?

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