Charting & Price Action
Beginner
Shooting Star
A candle with a small body at the bottom and a long upper wick — bearish reversal at the top of an uptrend.
Definition
The shooting star is the hammer’s mirror — buyers pushed price up, sellers smashed it back down to close near the open. Strong sell signal at the top of a rally, especially at resistance.
Example
EUR/USD rallies into 1.0900 resistance and prints a daily shooting star with a 60-pip upper wick. Sellers are defending the level.