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Tri Star Bear

After an established bull trend, three dojis (open and close at identical price) occur on three consecutive trading days. After a long up-trending market the appearance of three dojis suggests a great deal of indecision about the future direction of the market. Such signs of indecision often precede reversals. The first doji day reveals that the market is indecisive after a long uptrend. The second doji day further emphasizes market uncertainty, by the third doji day longs have clearly lost momentum and complete control of the market. Candlestick analysts will look for bearish moves in the following days.

Tri Star Bear Candlestick Pattern

Tri Star Bear Candlestick Pattern

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