Trading Class

Markets › Tesla › Shooting star

US stock market · candlestick pattern

Shooting star on Tesla

On Tesla the shooting star showed up 21 times. The target came first 43% of the time, the stop 57%, and 0% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1040%60%0%
Hourly1145%55%0%

Tesla against the rest

ChartsFoundTarget firstStop firstWent nowhere
Tesla2143%57%0%
All US stock market charts74137%60%3%
Every market10,01336%57%7%

Year by year

YearFoundTarget firstStop first
2018333%67%
2024367%33%
2025729%71%
2026367%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 Tesla

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

The shooting star elsewhere

Dow Jones · Alibaba · Broadcom · Oracle · 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 Tesla?

In 21 cases on Tesla, the target (1.5 × ATR) came before the stop (1 × ATR) 43% of the time and the stop came first 57%; 0% went nowhere within 12 candles.

What is the shooting star?

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