Shooting Star
A candle with a small body near the bottom and a long upper wick, appearing after an advance.
The bearish counterpart of the inverted hammer, distinguished from it by the preceding trend. Read as an advance that was rejected.
What a shooting star has actually done
Every occurrence we hold, scored on whether price moved more than 0.5% in the pattern’s own direction within three candles.
| Timeframe | Occurrences | Reached target | Baseline | Edge |
|---|---|---|---|---|
| 1H · crypto | 3,922 | 35.8% | 24.0% | +11.8pp |
| 4H · crypto | 3,144 | 41.3% | 37.5% | +3.8pp |
| 1D · crypto | 2,910 | 56.1% | 53.6% | +2.4pp |
Baseline is the share of ordinary candles that passed the same test over the same period, same timeframe and same direction. A rate at or below it means the shape added nothing. Edge is the difference between the two. This is a record of what followed, not a forecast.