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What Is a Shooting Star Candle

A shooting star is a candle with a small body near its bottom and an upper wick at least twice as long, appearing after a rise: buyers pushed the price up and lost all of it before the close. This paper shows you a real shooting star drawn large, the climb and the fall that made it on two clocks, the same candle on the chart, why it is the hammer upside down, and where its four prices are read on your platform.

Difficulty
Beginner
Reading time
5 min
Pages
8
Reviewed by
Saman Rahbar

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The shape

A shooting star is a candle with a small body near its bottom and an upper wick — the thin line above the body — at least twice as long as the body, with almost nothing below. The euro against the dollar drew one on 1 October 2025: a wick of 46 pips — a pip being the fourth decimal place — over a body of nine. Buyers pushed the price 46 pips up during the day and lost all of it by the close. It is the hammer upside down, and it only earns the name after a rise; this one came after three rising days.

The day that made it

Follow the price through the day and the shape explains itself. Through the morning it climbed to 1.17787 at ten o'clock, 46 pips above the open. Through the afternoon and evening it fell 63 pips to its low at seven, and it closed at 1.17236, nine pips under where it had started. Fold the twenty-four hours into one candle and the climb and the fall become the upper wick, while the last nine pips become the small red body at the bottom.

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