{"id":12246,"date":"2026-05-22T13:39:13","date_gmt":"2026-05-22T13:39:13","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/glossary\/shooting-star-candlestick\/"},"modified":"2026-05-22T13:39:13","modified_gmt":"2026-05-22T13:39:13","slug":"shooting-star-candlestick","status":"publish","type":"glossary","link":"https:\/\/lemonn.co.in\/blog\/glossary\/shooting-star-candlestick\/","title":{"rendered":"Shooting Star Candlestick"},"content":{"rendered":"<p>The Shooting Star is a single-candle <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/bearish\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">bearish<\/a> reversal pattern that forms at the top of an uptrend. It is characterised by a small real body at the bottom of the candle and a long upper shadow &#x2014; at least twice the length of the body. The candle reflects buyers pushing prices significantly higher during the session, only to be beaten back by sellers before the close.<\/p>\n<div><strong>Key takeaways:<\/strong>\n<ul>\n<li>Small real body at the bottom of the candle with a long upper shadow.<\/li>\n<li>Forms after an uptrend; signals potential bearish reversal.<\/li>\n<li>Upper shadow should be at least 2&#xD7; the body.<\/li>\n<li>Little or no lower shadow.<\/li>\n<li>Confirmation candle on the next session improves reliability.<\/li>\n<\/ul>\n<\/div>\n<h2 id=\"pattern-anatomy\">Pattern anatomy<\/h2>\n<ul>\n<li>Small body at the lower end of the day&#x2019;s range.<\/li>\n<li>Long upper shadow (wick), typically 2&#xD7; the body or more.<\/li>\n<li>Little or no lower shadow.<\/li>\n<li>Forms after a clear uptrend or near key resistance.<\/li>\n<\/ul>\n<h2 id=\"what-the-pattern-signals\">What the pattern signals<\/h2>\n<p>Buyers pushed the price sharply higher intraday, but sellers absorbed the buying pressure and drove the price back down &#x2014; closing near where it opened. The long upper wick is the footprint of failed buying. After an extended uptrend, this rejection at higher prices is a yellow flag.<\/p>\n<h2 id=\"confirmation\">Confirmation<\/h2>\n<p>A single Shooting Star is suggestive, not decisive. Look for:<\/p>\n<ol>\n<li>A bearish candle the next session that closes below the Shooting Star&#x2019;s low.<\/li>\n<li><a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/volume\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Volume<\/a> expansion on the confirmation candle.<\/li>\n<li><a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/rsi\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>RSI<\/a> or <a class=\"glossaryLink\"  href=\"https:\/\/lemonn.co.in\/blog\/glossary\/macd\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'  tabindex='0' role='link'>MACD<\/a> divergence supporting the reversal thesis.<\/li>\n<li>Proximity to <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/resistance-levels\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">resistance levels<\/a>.<\/li>\n<\/ol>\n<h2 id=\"trading-the-shooting-star\"><a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/trading\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Trading<\/a> the Shooting Star<\/h2>\n<ul>\n<li>Enter short only after confirmation.<\/li>\n<li>Place stops just above the Shooting Star&#x2019;s high.<\/li>\n<li>Target the next swing low or support level.<\/li>\n<li>For options traders, bear put spreads or shorting at-the-money calls are popular plays.<\/li>\n<\/ul>\n<h2 id=\"shooting-star-vs-inverted-hammer\">Shooting Star vs Inverted Hammer<\/h2>\n<p>Both have similar shapes but appear at opposite ends of trends. A Shooting Star forms at the top of an uptrend (bearish reversal); an Inverted Hammer forms at the bottom of a downtrend (<a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/bullish\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">bullish<\/a> reversal). The trend context is what defines the interpretation.<\/p>\n<h2 id=\"real-world-indian-examples\">Real-world Indian examples<\/h2>\n<p>Shooting Stars often appear at the peak of stock-specific rallies tied to news (positive results, regulatory approvals). Watch for them in mid- and small-caps after strong moves. Pair with weekly bearish divergence for higher-quality reversal trades. F&amp;O traders frequently use Shooting Stars on weekly charts of Bank <a class=\"glossaryLink\" href=\"https:\/\/lemonn.co.in\/blog\/glossary\/nifty\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Nifty<\/a> as a signal to fade overextended rallies.<\/p>\n<h2 id=\"frequently-asked-questions\">Frequently asked questions<\/h2>\n<div>\n<h3 id=\"is-the-shooting-star-reliable\">Is the Shooting Star reliable?<\/h3>\n<p>Reliable when confirmed by a follow-through candle and volume. Without confirmation, it is just a warning.<\/p>\n<h3 id=\"should-the-body-color-matter\">Should the body color matter?<\/h3>\n<p>Red bodies are slightly more bearish, but the upper wick is what matters most.<\/p>\n<h3 id=\"can-shooting-stars-form-intraday\">Can Shooting Stars form intraday?<\/h3>\n<p>Yes, on lower time frames. Reliability is lower; use daily and weekly for major signals.<\/p>\n<h3 id=\"how-is-it-different-from-a-hanging-man\">How is it different from a Hanging Man?<\/h3>\n<p>Both are bearish reversal signals at uptrend tops, but the Shooting Star has a long upper wick, while the Hanging Man has a long lower wick.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Shooting Star is a single-candle bearish reversal pattern that forms at the top of an uptrend. It is characterised by a small real body at the bottom of the candle and a long upper shadow &#x2014; at least twice the length of the body. The candle reflects buyers pushing prices significantly higher during the [&#x2026;]<\/p>\n","protected":false},"author":3,"featured_media":0,"menu_order":0,"template":"","meta":{"_uag_custom_page_level_css":"","footnotes":""},"class_list":["post-12246","glossary","type-glossary","status-publish","hentry"],"blocksy_meta":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"web-stories-poster-portrait":false,"web-stories-publisher-logo":false,"web-stories-thumbnail":false},"uagb_author_info":{"display_name":"Team Lemonn","author_link":"https:\/\/lemonn.co.in\/blog\/author\/ashu\/"},"uagb_comment_info":0,"uagb_excerpt":"The Shooting Star is a single-candle bearish reversal pattern that forms at the top of an uptrend. It is characterised by a small real body at the bottom of the candle and a long upper shadow &#x2014; at least twice the length of the body. The candle reflects buyers pushing prices significantly higher during the&hellip;","_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/12246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/3"}],"version-history":[{"count":0,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/12246\/revisions"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=12246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}