Forex Glossary

Shooting Star

A shooting star is a bearish candlestick pattern that typically occurs at the top of an uptrend. It consists of a tall upper shadow, a small body, and little or no lower shadow. The name comes from the fact that the tall upper shadow looks like the tail of a shooting star.

Put another way, the candlestick pattern is a particular kind of candlestick that develops when a security opens, makes strong progress, and then ends the day close to the open once more.

A candlestick formation needs to occur during a price rise to qualify as a shooting star. Furthermore, the gap between the day’s highest price and the starting price needs to be greater than double the size of the shooting star’s body. There should be no shadow or little shadow beneath the actual body.

How to Identify a Shooting Star 

To identify this candlestick pattern you must look out for the following;

  • The candlestick pattern typically occurs at the top of an uptrend, given that the signal is a Shooting Star, it makes it easy for it will appear high after the price has increased rapidly,
  • After an increase, the candlestick pattern appears and suggests that the price may begin to decline,
  • The lower shadow need should be absent or very small,
  • The body of the candlestick needs to be short,
  • At least two times the length of the body is required for the upper shadow to be tall enough to indicate the extent of the change in price,
  • The candlestick gets its name from the lengthy top shadow, which resembles a shooting star when joined with its small body and the position following an uptrend.


Related Terms

Stick Sandwich

A stick sandwich is a candlestick pattern that consists of three candles. The central candlestick will be colored in the opposite way from the candlesticks on either side of it,...

Three Black Crows

The Three Black Crows is a candle stick pattern that indicates a strong downward trend. It consists of three consecutive bearish candles with long lower shadows and small bodies. The...

Three White Soldiers

The Three White Soldiers is a  pattern that consists of three consecutive bullish candles with long bodies and short upper shadows. The "white" in the name refers to the fact...
Copy Trading
  • Notice
  • Personal Info.
  • Trading Info.


We provide clients with a free automatic copy trading. You simply create a broker account with our recommended broker then use the broker's copy trade system to automatically receive trades on your account.

Our recommended broker is Vantage Markets. You must be using Vantage Markets if you want to copy our trades.

The next process will onboard you into our copy trade system. 

You are required to enter your Meta Trader (MT4) login details in this field

Since you do not have an account yet, you will be redirected to Vantage Market client registration portal. 

You are required to register an account, verify your account and make a deposit of at least $500. Once that is done, contact us via live chat, email or on whatsapp.

Click on the Get Started below to proceed.

[advanced_iframe src="" width="100%" height="1000"]