Tri Star

Tri Star

The Tri-Star is a three candle reversal pattern, consisting of three consecutive Dojis. The formation occurs after an uptrend or downtrend. In the case of a bullish Tri-Star formation the second Doji candlestick gaps below the first and third. In a bearish Tri-Star formation, the market is in an uptrend followed by three consecutive Dojis where the second Doji gaps above the first and third. The succession of Dojis reflect indecisiveness in the market.


In a long bearish market the strength of trend shows weakness as candle bodies grow progressively smaller, eventually forming three consecutive dojis.

A doji candle reveals market indecision, since neither buyers nor sellers prove able to move the close price away from the open. This kind of price action is quite common during periods with limited market activity like holidays. But after a protracted downtrend or during periods of high trading volume a number of dojis can suggest a reversal in market trend.

Candlestick analysts will watch for buying opportunities to come after the Bullish Tri Star pattern.

The non-FX version of Bullish Tri-Stars often sees a number of gaps between dojis. This suggests price moved while exchanges were closed. Of course such gaps between open and close prices are unlikely in more efficient, 24 hour Foreign Exchange Markets. This formation would thus appear as three dojis in a row.