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Japanese stock market · candlestick pattern

Shooting star on Sony

On Sony the shooting star showed up 22 times. The target came first 64% of the time, the stop 36%, and 0% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily850%50%0%
Hourly1471%29%0%

Sony against the rest

ChartsFoundTarget firstStop firstWent nowhere
Sony2264%36%0%
All Japanese stock market charts7345%52%3%
Every market10,01336%57%7%

Year by year

YearFoundTarget firstStop first
2024520%80%
20254100%0%
2026967%33%

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 Sony

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

The shooting star elsewhere

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

Questions

How often does the shooting star work on Sony?

In 22 cases on Sony, the target (1.5 × ATR) came before the stop (1 × ATR) 64% of the time and the stop came first 36%; 0% went nowhere within 12 candles.

What is the shooting star?

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