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.
How it has actually played out
- Shooting Star: across 4,522 signals on US stocks in the last 150 days, price was lower a week later 54.2% of the time (+0.0 pts vs. an ordinary session) and lower a month later 60.1% (+1.5 pts).
Measured from the signal-day close, no stops or costs, versus every session of the same stocks over the same window. A base rate, not a prediction.
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.
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