Shooting Star Candlesticks

Market Terms

We don't know everything about the markets.  We're just devoted to learners.  Taken from those smarter than ourselves, here's how we define Shooting Star Candlesticks.

A bearish candlestick with a very long upper shadow, little or no lower shadow, and a very small real body near the daily low.  It forms when a security opens, advances significantly, but then closes near the opening price.  To qualify as a shooting star, the formation must occur during a price advance and the difference between the highest price of the day and the opening price must be more than double the body of the shooting star.