Skip to content

Tristar Pattern

Patterns pattern candlestick classic

A rare reversal pattern consisting of three dojis.

Usage

Signals an extreme shift in momentum.

Background

Candlestick patterns were popularized in the West by Steve Nison in his 1991 book 'Japanese Candlestick Charting Techniques'. These patterns provide a visual representation of market psychology and the balance of power between buyers and sellers at key price levels.

Formula

\text{Pattern Recognition Logic (TA-Lib Internal)}

Source