Shooting star candlestick pattern summed up. A shooting star candlestick pattern occurs when an asset’s market price is pushed up quite significantly, but then rejected and closed near the open price.

The Shooting star pattern and Inverted Hammer pattern are both bearish reversal patterns. The main difference between both patterns is that while their shapes are quite similar, ...

There are a few steps you should follow if you want to trade when you see the shooting star pattern. Remember that the shooting star could indicate negative reversal – in other words, market prices ...