Signal library · Candlestick patterns
Shooting star after a rally
A shooting star (long upper shadow, small body near the low) after price rose above its 20 EMA.
- What it is for
- Buyers pushed price up but sellers took it back: a possible top.
- Rule
- Sell short on 1h bars when (cs shooting_star above 0) and (close above e20) and (e20 above e20 5 bars ago). Stop: beyond the 2-bar swing plus 0.2%. Target: 2 × the risk (stop distance). Exit after 15 bars at the latest.
- Side
- ▼ Short (sell / exit)
- Timeframes
- 1h, 1d
- Runs on
- Your watchlist, your holdings and the market scanner
Out of sample · after fees and slippage
Verified record
| Market | Timeframe | Status | Trades | Expectancy / trade | Hit rate | Max drawdown |
|---|---|---|---|---|---|---|
| United States | 1h | information only | — | — | — | — |
| United States | 1d | information only | — | — | — | — |
| India | 1h | information only | — | — | — | — |
| India | 1d | information only | — | — | — | — |
| United Kingdom | 1h | information only | — | — | — | — |
| United Kingdom | 1d | information only | — | — | — | — |
| Europe | 1h | information only | — | — | — | — |
| Europe | 1d | information only | — | — | — | — |
Backtested on past data after estimated fees and slippage, out of sample. Past results do not predict future results. Signals are market information, not advice.
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