Can a shooting star be a green candlestick?

LearnApr 30, 2026
Timothy Cahill
Can a shooting star be a green candlestick?

A shooting star can be a green candlestick, though a red one signals stronger bearish conviction. The color of the candle is less important than its overall structure; while red candles often indicate stronger bearish momentum, a green candle can still qualify as a shooting star if the upper shadow is at least twice the length of the body.

A red shooting star indicates a more potent reversal than the green version because price closed lower than the opening price during the session.

The structure matters more than the color.

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