In the religion on Wicca, we view the pentacle as an amulet and a symbol for protection. The five points on the pentacle represent each of the five elements.

Earth - represents stability and physical endurance. (bottom left point)
Fire - represents courage and daring. (bottom right point)
Water - represents emotions and intuition. (right point)
Air - represents intelligence and the arts. (left point)
Spirit - represents the All and the Divine. (top point)

The circle around the star represents the God/Goddess; it refracts and reflects all light, bringing to the wearer total intelligence, universal wisdom and protection. This becomes a graphic portrayal of Spirit ruling over the five elements. When the pentacle is placed within a circle, its energy is focused and directed. The pentacle upright, to those of spiritual perception, represents the redemption of Spirit from matter by ruling over it.