The shooting star candlestick pattern is a bearish reversal pattern often observed in technical analysis. It typically forms at the end of an uptrend and signals potential price declines. Here are its key characteristics:

1. Structure: The candle has a small real body near the bottom of the range, indicating that the opening and closing prices are close. The upper shadow is at least twice the length of the body, showing that prices were pushed higher during the session but sellers regained control.

2. Lack of lower shadow or minimal lower shadow: If present, the lower shadow is minimal, underscoring that the closing price was near or at the session's low.

3. Trend context: The Shooting Star is most significant when it appears after a sustained uptrend, suggesting that buying momentum is weakening.

4. Color of the Body: While the body can be bullish (green) or bearish (red), a bearish body is considered a stronger confirmation of potential reversal.

5. Volume Consideration: High volume during the formation of the Shooting Star adds to its reliability as a reversal signal.

Traders often confirm this pattern by looking for subsequent bearish candles or other indicators, as it alone doesn’t guarantee a reversal.