Bearish Tri-Star
The bearish tri-star is a technical analysis pattern that is used to identify a potential reversal in the price of a security. It is a three-day candlestick pattern that consists of three consecutive doji candlesticks. A doji is a candlestick that has an open and close price that are very close together, indicating that the security is trading in a narrow range. The bearish tri-star is a bearish reversal pattern that is used to signal that the current uptrend may be coming to an end.
History of the Bearish Tri-Star
The bearish tri-star is a relatively new technical analysis pattern that was first identified by Japanese candlestick charting expert Steve Nison in his book, Japanese Candlestick Charting Techniques. Nison identified the bearish tri-star as a three-day candlestick pattern that consists of three consecutive doji candlesticks. The pattern is used to signal a potential reversal in the price of a security.
Table of Comparisons
| Pattern | Reversal |
|---|---|
| Bearish Tri-Star | Bearish |
Summary
The bearish tri-star is a three-day candlestick pattern that consists of three consecutive doji candlesticks. It is used to signal a potential reversal in the price of a security. For more information about the bearish tri-star, investors can visit websites such as Investopedia, StockCharts, and TradingView.
See Also
- Bullish Tri-Star
- Doji
- Engulfing Pattern
- Hammer
- Hanging Man
- Harami
- Inverted Hammer
- Morning Star
- Shooting Star
- Three White Soldiers
