Tri Star Bullish Candlestick Pattern




The Psychology
In a downtrend or during a pullback within an uptrend, a battle begins. The bears start to back off while the bulls step up. Dojis indicate an even battle between the bulls and bears. The formation of three Dojis within a downtrend hints that the bulls may be starting to reassert themselves. A white day with volume is needed to confirm the reversal.





Identification
Dojis occur on three consecutive trading days with the second gapping down and the third gapping back up.

Pattern: reversal
Reliability: moderate


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