Bearish Tri-Star
Discussion
The bearish tri-star candlestick is supposed to act as a bearish reversal and it does, but only 52% of the time. That is about randomly, so do not try to anticipate the breakout direction.
Bearish Tri-Star
Psychology...
The 2nd day gaps higher, but trades in a small range. The bearishness of this indecision is confirmed by the lower close of the 3rd day. Look for lower prices.
The bearish Tri-Star formation occurs after an uptrend. The second Doji candlestick gaps above the first and third. The succession of Dojis reflect indecisiveness in the market. For a complete printable referenc ...
 See also: Star, Reversal, Bearish, Tri-star, Chart
  
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