Interesting... [ATTACH] [ATTACH]...

Interesting...


http://www.mysmp.com/technical-analysis/tri-star.html


A single doji candlestick is an infrequent occurrence that is used by traders to suggest market indecision. Having a series of three consecutive doji candles is extremely rare, but when discovered, the severe market indecision usually leads to a sharp reversal of the given trend. Traders can use stock market scanning software to help them locate the pattern. The "three stars" pattern can also be used to signal the reversal of downward momentum when the pattern is formed at the end of a prolonged downtrend.

https://www.investopedia.com/terms/t/tri-star.asp


The bullish tri-star candlestick pattern is one of those patterns that almost adds value. Almost. It has a reversal rate just above random -- too far away to complain about, but not far enough to be really useful in detecting a reversal of the primary price trend. It has a frequency rank of 79, making it rare, so you will have trouble finding this candlestick pattern. However, once a breakout occurs the overall performance rank suggests the move might be worth betting on. A closer look at the performance numbers shows that it does perform well across all market conditions and breakout directions. Reversals tend to work better than continuations, according to the numbers.

The best average move 10 days after the breakout is a rise of 5.11% in a bear market. That ranks 26th. I consider moves of 6% or higher to be good ones, so the bullish tri-star candlestick falls short. Drilling into the data, the numbers shows that the pattern performs slightly better after an upward breakout than a downward one.

http://thepatternsite.com/TriStarBull.html