Investor Glossary-tri-starInvestor Glossary-tri-starInvestor Glossary-tri-starInvestor Glossary-tri-starInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Tri-Star

The HTML to link to this page
 

The tri-star is a rare candlestick charting pattern that signals a trend reversal. Three consecutive doji candles characterize a tri-star. In a bullish tri-star, the doji candles occur at the end of a downtrend. The second candle in the tri-star gaps below the first candle and the third candle gaps above the second. Collectively, the three doji candles in the bullish tri-star suggest market indecision as sellers lose strength and buyers begin showing interest in a security. A white candle on the fourth day would confirm the reversal and the start of an uptrend. In a bearish tri-star, the doji candles occur at the end of an uptrend. The second candle in the tri-star gaps above the first candle and the third candle gaps below the second. Collectively, the three doji candles in the bearish tri-star suggest market indecision as buyers lose strength and sellers begin to gain the upper hand. A black candle on the fourth day would confirm the reversal and the start of a downtrend. In either the bullish or bearish instance, traders consider a tri-star formation to be a fairly reliable reversal pattern.



Rate this Tri-Star definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: reverse mortgage, current ratio, phantom income, APR, limit order, class C shares, labor relations, diluted share, covered put, dividends payable, debt service coverage, option premium, per diem, irrevocable trust, stock split, inflation, cancelled check, risk management, required rate of return, 1035 exchange, FICO score, 144a, minority interest, Key Rate Duration, average price per share, deferred revenue, liquidity ratio, command economy, annual return, LIBOR, quality assurance, VIX, ex-dividend, ex-dividend date, open position, in escrow, wholly-owned subsidiary, EBITDA, implied volatility, retained earnings, balance sheet, deferred tax, margin rate, 1031 exchange, Zero Cost Collar, FTSE, stock market close, 401a, real GDP


Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use