Shooting star candlestick pattern
Bearish · 1-candle pattern
Buyers pushed price up, but sellers slammed it back down. A sign the rise may be ending.
How to spot it
- Appears after a rise
- Long upper wick, at least 2x the body
- Small body near the bottom
How to trade it
- Best at a key support or resistance level, with the bigger trend
- Enter after the pattern candle closes
- Stop loss beyond the pattern wick, target at least 2x the risk
- No pattern works every time - always use a stop loss
Learn it, then trade it with signals.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
Trading involves risk. Lessons are for education, not financial advice.