Shooting Star Candlestick / Finally, the strength of the last candlestick confirms the bullishness.. It comes after an uptrend and marks the potential exhaustion. A single day pattern that can appear in an uptrend. The first candlestick shows the bulls in control. The shooting star looks exactly the same as the inverted hammer, but instead of being found in a downtrend it is found in an uptrend and thus has different implications.like the inverted hammer it is made up of a candle with a small lower body, little or no lower wick, and … To have a valid morning star formation, most traders look for the top of the third candle to be at least halfway up the body of the first candle in the pattern. The first candlestick shows the bulls in control. Normally a long bearish candle, followed by a short bullish or bearish doji or a small body candlestick, which is then followed by a long bullish candle. Feb 09, 2022 · a shooting star is a bearish candlestick with a long upper shad