Subscribe to RSS feeds Bulkowski Blog via RSS

Support this site! Clicking the links (below) takes you to If you buy ANYTHING, they pay for the referral. My books...

Encyclopedia of Chart Patterns 2nd Edition book.
Chart Patterns: After the Buy
Getting Started in Chart Patterns, Second Edition book.
Trading Basics: Evolution of a Trader book.
Fundamental Analysis and Position Trading: Evolution of a Trader book.
Swing and Day Trading: Evolution of a Trader book.
Visual Guide to Chart Patterns book.
Picture of Bumper.
Picture of the head's law.

Bulkowski's Bullish Tri-Star

Class Elliott Wave Fundamentals Psychology Quiz Studies Setups Software Tutorials More...
Candles Chart
Small Patterns
As of 02/20/2019
  Industrials: 25,954 +63.12 +0.2%
  Transports: 10,627 +9.81 +0.1%
  Utilities: 746 +2.71 +0.4%
  Nasdaq: 7,489 +2.30 +0.0%
  S&P 500: 2,785 +4.94 +0.2%
Tom's Targets    Overview: 02/14/2019
26,000 or 24,600 by 03/01/2019
10,900 or 9,900 by 03/01/2019
755 or 725 by 03/01/2019
7,700 or 7,050 by 03/01/2019
2,825 or 2,650 by 03/01/2019

Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners.

Bullish Tri-Star: Summary

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.

$ $ $

My book, Encyclopedia of Candlestick ChartsEncyclopedia of Candlestick Charts book., pictured on the left, takes an in-depth look at candlesticks, including performance statistics.

If you click on this link and then buy the book (or anything) at, the referral will help support this site. Thanks. -- Tom Bulkowski


$ $ $

Bullish Tri-Star: Important Results

Theoretical performance: Bullish reversal
Tested performance: Bullish reversal 60% of the time
Frequency rank: 79
Overall performance rank: 28
Best percentage meeting price target: 77% (bear market, up breakout)
Best average move in 10 days: 5.11% (bear market, up breakout)
Best 10-day performance rank: 26 (bear market, up breakout)

All ranks are out of 103 candlestick patterns with the top performer ranking 1. "Best" means the highest rated of the four combinations of bull/bear market, up/down breakouts.

The above numbers are based on hundreds of perfect trades. See the glossary for definitions.

The ideal bullish tri-star candlestick
Bullish Tri-Star
Top of page   More

Bullish Tri-Star: Discussion

The bullish tri-star candlestick acts as a bullish reversal in theory and also in reality, but only 60% of the time. That is close to random, 50%. The overall performance rank is 28, which is quite high up the performance list. It suggests the post breakout trend can be a worthwhile move.

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.

Bullish Tri-Star: Identification Guidelines

Number of candle linesThree.
Price trend leading to the patternDownward.
ConfigurationLook for three doji after a downward price trend. The middle doji has a body below the other two.
Top of page   More

Bullish Tri-Star: Three Trading Tidbits

If you want a few bones from my Encyclopedia of candlestick charts book, here are three to chew on. The pages refer to the book where the tips appear.

  1. Bullish tri-star candles that appear within a third of the yearly high tend to act as reversals most often -- page 825.
  2. Select tall candles for the best performance -- page 823-824.
  3. For the best performance look for the bullish tri-star as part of a downward retracement in an upward price trend -- page 825.

Bullish Tri-Star: Example

The bullish tri-star candlestick on the daily scale

The chart shows a bullish tri-star candlestick circled in red on the daily scale. This bullish tri-star appears after a downward price trend that takes the stock much lower, bottoming in the bullish tri-star.

Three doji appear, with the middle one below the bodies of the two adjacent doji. Since the price trend leading to the tri-star is downward and price breaks out upward, this candlestick pattern acts as a bullish reversal. An upward breakout occurs when price closes above the top of the candlestick pattern, by the way.

The price trend shown is not the optimum setup, although this one does well. The setup that I have found to work best is when the primary (longer term) price trend is upward and the bullish tri-star pattern appears as a small downward retracement of that upward price trend. When the stock breaks out upward, price joins the existing primary trend and away it flies.

-- Thomas Bulkowski

Top of page   More  

See Also

Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners. All wiyht. Rho sritched mg kegtops awound?