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Key Takeaways

Success Rate:60%
Difficulty:Beginner
Strength:
R:R Ratio:1:2
💫

Shooting Star

bearish reversalHigh Reliability1 Candle

A small body at the bottom of the candle with a long upper shadow (at least 2x the body). Appears at the top of an uptrend.

Market Psychology

Buyers pushed prices higher but sellers overwhelmed them, pushing price back down. Shows rejection of higher prices.

Candle Structure

Trading Setup Example

Entry, stop loss, and take profit levels.

How to Trade the Shooting Star PatternTake Profit📥 EntryStop LossPatternConfirmEnterSELLPatternConfirmEnterSL/TP

Always wait for pattern confirmation before entering a trade.

Where This Pattern Appears

Trend context and market position.

UptrendShooting StarReversal ↓

Appears at the top of an uptrend, signals bearish reversal.

How to Identify

1

Small real body at or near the bottom of the range

2

Long upper shadow at least twice the body length

3

Little or no lower shadow

4

Appears after an uptrend

Confirmation Signals

RSI overbought (>70)
At key resistance
Volume spike
Bearish next candle

Trading Strategy

📥 Entry

Enter short when price breaks below the shooting star low

🛑 Stop Loss

Place stop loss above the shooting star high

🎯 Take Profit

Target previous support levels or use 1:2 risk-reward

⚖️ Risk/Reward

1:2

Common Mistakes to Avoid

Trading without prior uptrend
Not waiting for confirmation
Ignoring volume
Fighting strong trend

Pro Tips

💡Confirmation candle (bearish) increases reliability
💡More significant at resistance levels
💡Gap up before the shooting star adds strength to the signal

Best Timeframes

1H4HDaily

Pattern Variations

At resistance level (stronger)
With gap open
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Frequently Asked Questions