Bullish Tri-Star
The Bullish Tri-Star is a technical analysis pattern that is used to identify a potential reversal in the trend 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 Bullish Tri-Star is considered a bullish reversal pattern, as it signals that the security may be about to reverse its current downtrend and move higher.
History of the Bullish Tri-Star
The Bullish Tri-Star is a relatively new technical analysis pattern, having only been identified in the late 1990s. It was first identified by Japanese analyst Tomomi Sasaki, who noticed that the pattern had a high success rate in predicting a reversal in the trend of a security. Since then, the Bullish Tri-Star has become a popular tool among technical analysts.
Comparison of Bullish Tri-Star to Other Reversal Patterns
| Pattern | Number of Candlesticks | Success Rate |
|---|---|---|
| Bullish Tri-Star | 3 | High |
| Bullish Engulfing | 2 | Medium |
| Hammer | 1 | Low |
Summary
The Bullish Tri-Star is a three-day candlestick pattern that is used to identify a potential reversal in the trend of a security. It is a relatively new pattern that was first identified by Japanese analyst Tomomi Sasaki in the late 1990s. The Bullish Tri-Star has a high success rate in predicting a reversal in the trend of a security, making it a popular tool among technical analysts. For more information about the Bullish Tri-Star, you can visit Investopedia, Investing.com, and StockCharts.com.
See Also
- Bearish Tri-Star
- Bullish Engulfing
- Hammer
- Doji
- Bullish Harami
- Bearish Harami
- Bullish Abandoned Baby
- Bearish Abandoned Baby
- Bullish Piercing Line
- Bearish Piercing Line
