The Shooting Star Candlestick Pattern is a bearish reversal pattern. It usually occurs at the end of an uptrend.

Characteristics of Shooting Star Candlestick: Long upper shadow A small real body A little or no lower shadow:

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What does a Shooting Star Pattern Indicate? It indicates a warning sign that the uptrend may be coming to an end.

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How to Use Shooting Star Candlestick Pattern for Trading

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Identify the pattern: Look for candlesticks with a long upper shadow, a small real body near the low, and little to no lower shadow.

Consider the market pattern: The pattern is stronger after a strong uptrend and weaker during consolidation.

Look for the confirmation: Look for additional bearish indicators like downward price movement or increased selling volume.

Screeners to Use to Find Shooting Star Candlestick Pattern