Shooting Star
BearishAfter a rise, price stabbed higher and got pushed back down — sellers showing up overhead
Textbook shape
How to read it
In an advance: a long upper shadow (2x+ the body) with a small body near the low. The rally was sold into hard before the close — one day's record of supply overhead.
Watch whether the next bar closes below the star's body for confirmation.
Real example
US stockBYNDDaily
Completed 2025-10-23
CryptoDOGE-USDDaily
Completed 2022-04-29
A window SQMATE's detectors actually flagged in past bars. It records a day that worked out — the same shape doesn't always resolve the same way.
On SQMATE
No more eyeballing charts
You don't have to flip through charts hunting for shapes. Signal watch pings your browser the moment a condition is met, patterns on your watchlist arrive by email, and the screener lists every symbol that matched today.
SQMATE draws the lines
Support lines, trendlines, channels — the lines you need to read a pattern are drawn for you, so no time goes into drawing.
Patterns aren't the whole story
The same shape doesn't always resolve the same way. It's safer to read it together with candles, volume, and market context — news, catalysts, flows.