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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use