Tri-Star Candlestick Formation
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.