Candle Decoder
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Patterns

Shooting star

A candle with a small body near the bottom and a long upper wick, appearing after an advance — sellers rejected higher prices.

Like the hammer, it needs a preceding move to reverse and a level to form at. Buyers pushed price up and were overwhelmed before the close.

A shooting star into a marked supply zone is worth attention; one in open space usually is not.

Taught in

Spotting Your First PatternsChart Patterns

The four patterns you'll see constantly: doji, hammer, shooting star, and engulfing.

Also covered in that lesson

DojiA candle whose open and close are almost identical, leaving little or no body — a period that ended in a draw.HammerA candle with a small body near the top and a long lower wick, appearing after a decline — buyers rejected lower prices.Engulfing candleA candle whose body completely covers the previous candle's body in the opposite direction, showing one side taking control.

Related terms

HammerWick