The Shooting Star — rejection of the high
The rally that got slapped back.
What you see
Small body at the bottom, long upper wick — a rally that was fully rejected from above.
What it means
Supply overwhelmed demand at the highs. The bloom came off the rally intraday.
How it is traded
Enter below the star's low. Stop above the wick high. Target the base of the move.
What comes next
Selling usually resumes within 1-3 candles. The first lower low after the star is the confirmation that the rejection stuck.
How it fails
In a strong uptrend this is often just a pause — wait for the next candle to confirm lower before acting.
Quick check
A shooting star appears mid-uptrend with no level in sight. Best action?
- Wait — a star means most at a level or the end of a move
- Short with full size immediately
- Ignore all stars forever
- Buy the dip
In a strong uptrend a lone star is often just a pause. Location first, candle second.
This lesson is part of the free learning path at /academy/ — progress, XP and boss games live there.
Educational content only — not financial advice.