The Shooting Star is a single-candle bearish reversal at the top of an uptrend. It has a small real body at the lower end of the candle's range, a long upper shadow (2x+ the body), and little to no lower shadow — like a star falling from the sky.

How to Identify

• Appears after a sustained uptrend
• Long upper wick extends 2x–3x the length of the real body
• Real body sits at the bottom of the candle's price range
• Little or no lower shadow
• Upper wick shows bulls pushed price much higher intraday — but sellers rejected it

Market Psychology

After an uptrend, bulls push price sharply higher during the session. But sellers overwhelm them, driving price back near the opening. The long upper tail is a "shooting star" — a failed attempt to reach the sky. The rejection at the high is a clear signal of distribution at elevated prices.