Morning Tri-Star Candlestick Formation
Description
Like the Morning Doji Star, the Morning Tri-Star, or Bullish Tri-Star, candlestick formation is composed of 3 candlesticks. All three candles are dojis. The first candlestick is a doji, which is just another candle during a downtrend. The second candlestick is a doji that gaps below the previous doji's open and close. The 3rd candlestick is a doji, opening above the 2nd candlestick's body and closing near the first candlestick. This is a bullish pattern and indicates a possible reversal in trend.