Glossary · Candlestick & Chart Patterns
Shooting star
A candle with a long upper wick, often appearing after an advance.
A shooting star is the upside counterpart to a hammer: a small body near the bottom of the range with a long upper wick. Buyers pushed price higher during the period, but sellers forced it back down by the close.
After an advance, that rejection of higher prices can warn of a stall or reversal. As with other single candles, wait for confirmation from subsequent price action before treating it as a full turn.
Example
Following a steep rally into $90, a shooting star prints with a high at $93 and a close near $89.50 — showing the push above $90 did not hold.