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What is a Shooting Star
Candlestick Pattern?

A Shooting Star Candlestick Pattern occurs in an up trending stock when the upper shadow is longer than the real body and the lower shadow is small or non-existent. The candle before it should have a long real body. Ideally the price should gap higher at the open and rally sharply higher, but then strength subsides and the stock drops to close near the low and near its opening price.



This candlestick pattern is the same candle as an Inverted Hammer, the only difference is this pattern appears in an up trending stock, whereas the Inverted Hammer appears in a downtrend. A bearish continuation the next day is needed to confirm the pattern. Leave Shooting Star and go back to Japanese Candlestick Charts


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