Shooting Star Candlestick Pattern — what it is and how to read it

Bearish pattern Candlestick patterns

Long upper wick at the end of a rally: buyers were rejected higher. Do not buy; exit if the pattern low breaks.

How to read it

A bearish structure is only a candidate until its trigger breaks down. StockFortuna draws the ▼ marker only on a red candle that closes below the trigger — a description, not a recommendation.

BIST 100 stocks where our scan detected it (last 30 trading days, 19 Oct 2026)

Automatic detection only (alphabetical) — StockFortuna does not recommend stocks; open the chart and judge for yourself. Not investment advice.

FAQ

What is the Shooting Star Candlestick Pattern?

Long upper wick at the end of a rally: buyers were rejected higher. Do not buy; exit if the pattern low breaks.

Is the Shooting Star Candlestick Pattern bullish or bearish?

It is a bearish (downside) pattern.

When is it marked on the chart?

Only when a red candle closes below the trigger; the ▼ marker describes what the chart did, it is not a recommendation.

Has it been backtested?

⚪ Not backtested (added 9 Sep 2026) — information on the chart only; it does not enter the buying system.

How can I see the Shooting Star Candlestick Pattern on a live chart?

Open StockFortuna → Markets → Chart Studio and pick it from the list; the pattern is detected automatically on real data.

Related

• Hammer
• Inverted Hammer
• Bullish Engulfing
• Bullish Harami
• Piercing Line
• Morning Star
• Three White Soldiers
• Bullish Marubozu
• Hanging Man
• Bearish Engulfing
• Bearish Harami
• Dark Cloud Cover

For information and education only — not investment advice.