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 happen to be dojis. The first candlestick is a doji which is just another candle during a downtrend. The second candlestick is a doji which gaps below the previous doji open and close. The 3rd candlestick is a doji candlestick which opens above the 2nd candlestick body line, and closes somewhere near the first candlestick. This is a bullish pattern and indicates a possible reversal in trend.