This pentagram is used exclusively by Traditional Wiccans using a 3-degree system of elevations. This symbol represents elevation to the 3rd degree, which is the highest rank attainable. 3rd degree Wiccans are generally highly experienced within their own coven and are prepared to act as High Priests and High Priestesses.
The 2nd degree is designated with the point-down pentagram. The 1st degree is represented by a point-down triangle.