Candlestick Patterns

Tri-Star Bearish

The Tri-Star Bearish is a bearish pattern represented by three candles. During an uptrend, the next three candles are Dojis. The first two ones go upwards and the last one downwards, then probably initiating a downtrend. As we’ve mentioned in previous videos, Dojis are indecision patterns, but they can give hints about the future direction of the price. The last Doji of the Tri-Star Bearish suggests that the price is starting a bearish movement. Many traders use this pattern to detect signs of weakness in trends. Then, to proceed to close a position or open a short.

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