RSS
Twitter
Facebook
LinkedIn
Newsletter
Tri-Star Candlestick Formation
Posted By: TradersLog
The Tri-Star is a three candle reversal pattern, consisting of three consecutive Dojis. The formation occurs after an uptrend or downtrend. In the case of a bullish Tri-Star formation the second Doji candlestick gaps below the first and third. In a bearish Tri-Star formation, the market is in an uptrend followed by three consecutive Dojis where the second Doji gaps above the first and third. The succession of Dojis reflect indecisiveness in the market.
Leave a Reply
By submitting a comment here you grant Traders Log a perpetual license to reproduce your words and name/web site in attribution. Inappropriate or irrelevant comments will be removed at an admin's discretion.