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Commodities · candlestick pattern

Shooting star on Silver

On Silver the shooting star showed up 20 times. The target came first 40% of the time, the stop 50%, and 10% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily838%62%0%
Hourly1242%42%17%

Silver against the rest

ChartsFoundTarget firstStop firstWent nowhere
Silver2040%50%10%
All Commodities charts6825%66%9%
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 Silver

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Volume profile bounce · Doji · Volume profile rejection · EMA 9/21 bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The shooting star elsewhere

Dow Jones · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the shooting star work on Silver?

In 20 cases on Silver, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 50%; 10% went nowhere within 12 candles.

What is the shooting star?

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