PATTERN
Shooting star setups in a connected workflow
Use Monorex to detect shooting stars, connect them to resistance levels, and follow up with alerts and AI Coach.
What this pattern is
A shooting star is a bearish reversal candlestick with a small body at the bottom and a long upper shadow. It forms at the top of uptrends, showing buyers pushed price up but sellers took control by the close.
Why traders watch it
Shooting stars represent failed breakout attempts and seller dominance. They are the bearish counterpart to the hammer and most significant at key resistance levels.
How Monorex helps
- ✓ Automated shooting star detection
- ✓ Resistance-level proximity scoring
- ✓ Alert on shooting star at key levels
- ✓ AI Coach follow-up evaluation
Related patterns
Spot shooting stars with smarter follow-up.
Detect bearish reversals and follow up with Monorex alerts and AI coaching.