Candlestick Patterns

Tri-Star Bullish

The Tri-Star Bullish is a bullish pattern represented by three candles. During a downtrend, the next three candles are Dojis. The first two ones go downwards and the last one upwards, then probably initiating an uptrend. 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 bullish movement. Many traders use this pattern to detect signs of weakness in trends. Then, anticipating an upward movement and opening a long position.

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