Shooting Star
A single candle with a small body and long upper wick after a rally — a bearish signal that buyers were rejected at higher prices.
A shooting star forms when price pushes up sharply during the session but sellers drag it back down to close near the open, leaving a long upper shadow. After an uptrend, it warns the advance may be stalling.
It's the bearish mirror of the hammer. Confirmation (a lower close next session) and location (at resistance or after an extended run) make it more reliable.
On StockSetups
The shooting star is in StockSetups' bearish candlestick set; on a long-only board it acts as a caution flag on an extended name rather than a tradable short.
Related terms
See shooting star on tonight's board.
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