Three doji, one failed push
A Tri Star is a rare three-candle reversal made of three doji in a row, the middle doji's body beyond the bodies of the other two. After a decline, with the middle body lowest, it is a Bullish Tri Star; after a rally, with it highest, a Bearish Tri Star. It marks a stalled trend.
A Bullish Tri Star is three doji in a row at the end of a decline. A doji is a candle that opens and closes at about the same price, so it has almost no body (the thick part between open and close). In a Tri Star, the middle doji's body sits below the bodies of the other two.
That space between bodies is called a body gap: no part of the middle body overlaps the bodies beside it. The shadows (the thin lines above and below each body) may still overlap. Only the bodies have to gap.
The mirror, a Bearish Tri Star, forms after a rally, with the middle doji's body above the bodies of the other two. This guide teaches the bullish form first and the bearish one as its mirror.
"It sold off, it bounced, it closed where it opened."
After a run of red candles, a session ends level. Sellers pushed, buyers pushed back, and nobody gained ground by the close.
"It opened lower. Then it went nowhere again."
The next session opens below the first doji's body: the trend tries once more. But it closes where it opened, so the lower open bought sellers nothing.
"Higher open, flat close. Three days of nothing."
The third session trades back above the middle doji and again closes flat. The push lower has been given back, and the market has now failed to choose a side three times running.
Either, depending on where it forms. After a decline, with the middle doji lowest, it is a bullish reversal pattern. After a rally, with the middle doji highest, it is a bearish one.
Either way, the three doji alone do not decide the direction; the closes after them do. For the bullish form, a close above the pattern's high confirms the turn, and a close below its low says the decline is going on. Both forms are rare: you may scan many charts before finding a clean one.
A single doji after a decline means one session ended in a draw: buyers and sellers both traded, and neither moved the close. The next candle usually decides what it meant. A Tri Star is three draws in a row, with no decision after any of them.
That repetition is the message. A trend moves because one side keeps winning the close. When three sessions in a row end level, the side that had been winning has stopped winning. It has not lost yet; it has stalled.
What the third session adds. One doji gapped below a long red candle is a Doji Star, a question the next candle answers. In a Tri Star the candles around the middle doji are doji as well: the answer is another draw, twice. The middle doji's gapped body was the trend's last push, and the third doji, back above it, shows that push was given up without any winner emerging. Without the gap, three level doji are just a market drifting sideways.
Is the stall real, or is nobody trading? A stock that barely trades prints doji too, because with few trades the open and close often land at the same price. That is not a stalemate between buyers and sellers; it is an absence of both. Two checks tell them apart.
A doji whose shadows span a normal day's range shows both sides trading hard and ending level. Three tiny dashes with almost no range show a market that hardly moved. Look for tall candles: ranges taller than the stock's typical day.
Three draws, each on real volume: volume near or above its usual level on all three days means many shares changed hands to produce those draws. Volume far below normal, often in a holiday week or a thinly traded stock, means the doji may only reflect a quiet market.
All three put a doji at the low point. They differ in what surrounds it. In a Morning Doji Star the doji sits between two long candles: a strong red one and a strong green one that answers it. The Tri Star has no strong candle at all. It is three draws in a row, so it shows the trend stopping, not yet the new side taking over.
An Abandoned Baby needs the doji's whole range to gap clear of its neighbors, shadows included. A Tri Star needs only the bodies to gap. If the shadows overlap, as they usually do, it can still be a Tri Star.
In the bearish form, buyers stop winning the close at the top of a rally. The middle doji opens above the first one's body, the rally's last push, and goes nowhere. Every check in this guide applies upside down.
Look for a run of lower highs and lower lows into the first doji. Three doji in a flat stretch are not a reversal; there is nothing to reverse.
Each candle should have almost no body. The middle body must sit below the bodies of the other two.
Normal-sized ranges and normal volume. Tiny ranges on thin volume are a quiet market, not a stalemate.
Traders disagree here. Some act on the third doji's close, since the pattern is then complete. Others wait for a later candle to close above the pattern's high, the first sign that buyers have taken charge, not just that sellers have stopped. The wait gives more evidence and a later entry.
That is usually the middle doji's low. A close below it means the push lower has resumed and the stall has resolved the wrong way. Leave a little room below the exact low.
A stock whose daily range is usually about 60 cents has fallen for four weeks. Monday: open $24.10, high $24.40, low $23.85, close $24.08. Tuesday: open $23.70, high $23.95, low $23.40, close $23.72. Wednesday: open $24.00, high $24.30, low $23.75, close $24.02. Volume on all three days was close to its usual level.
Is this a Bullish Tri Star, and is the stall real?
Yes on both. All three are doji: each body is 2 cents against a 55-cent range. Tuesday's body ($23.70 to $23.72) sits below Monday's ($24.08 to $24.10) and Wednesday's ($24.00 to $24.02), so it gaps on both sides. Tuesday's high of $23.95 still overlaps both neighbors' lows ($23.85 and $23.75), so it is not an abandoned baby, but it does not need to be. The ranges are close to the stock's normal 60 cents and volume was normal, so this was a real stalemate, not a quiet market. The idea fails on a close below Tuesday's $23.40 low; a close above Monday's $24.40 high would show buyers taking over.
The larger trend. A Tri Star that forms where a falling stock meets a rising 50-day moving average is a pullback (a dip within a larger uptrend) stalling, not a downtrend ending. Read the Candlesticks + Moving Averages guide →
Support. Three sessions of draws at the floor of a trading range (a price where buying has stopped declines before) show that floor holding again. Read the Candlesticks + Trading Ranges guide →
Volume. Normal or heavy volume across the three doji is what separates a stalemate from a quiet market. Read the Candlesticks + Volume guide →
| Mistake | Instead |
|---|---|
| Treating a quiet market as a stalemate Three doji in a row in a holiday week, so the decline is over. | Doji on thin volume and tiny ranges often mean few traders showed up. Check that the ranges and volume were normal before reading a stall. |
| Skipping the gap Three doji at the bottom, all at the same price. Tri Star. | The middle body must sit below the bodies of the other two. Without the gap, the trend never made its last push, and three level doji are just a sideways drift. |
| Finding it inside a sideways range Three doji in the middle of a flat range, one a bit lower. Tri Star. | With no trend into it, there is no push to fail and nothing to reverse. Doji are common in a drifting range; the Tri Star only means something at the end of a move. |
A Tri Star is three doji in a row whose middle doji's body sits beyond the bodies of the other two. After a decline, with the middle body below the other two, it is a Bullish Tri Star. After a rally, with the middle body above them, it is a Bearish Tri Star.
It can be either. The direction comes from where it forms: after a decline it is a bullish reversal pattern, after a rally a bearish one. The middle doji points the way the trend was going, and the third doji shows that last push was given back.
Rare. Three doji in a row are uncommon on their own, and the middle one also has to gap, so you may scan many charts before finding a clean one.
Not enough to trade on the shape alone. Three doji show a stalled trend, not a turn, so let the next close decide: for the bullish form, a close above the pattern's high confirms it, and a close below its low means the decline is going on.
An Abandoned Baby is a long candle, a doji and a long candle the other way, and the doji's whole range, shadows included, must gap clear of both neighbors. A Tri Star is three doji, and only the bodies need to gap; the shadows may overlap.
A Morning Doji Star has one doji between a long red candle and a long green candle, so it shows the turn itself. A Tri Star has three doji and no long candle, so it shows the decline stopping, but not yet buyers taking over.
Traders disagree. Some act on the third doji's close, since the pattern is complete. Others wait for a later candle to close above the pattern's high (below its low for the bearish form), because three doji show a stall, not yet a new trend. Waiting gives more evidence and a later entry.
Below the pattern's low for the bullish form, usually the middle doji's low, with a little room. A close below it means the decline has resumed. For the bearish form, the stop goes above the pattern's high.
The middle doji opened beyond the first doji's body: the trend's last push. It then closed where it opened, and the third doji sat back above it, so that push went nowhere. Without the gap, three doji at one price are only a market drifting sideways, not a trend that tried once more and failed.
The Tri Star is the plainest way a trend can stop. No big candle, no takeover: just three sessions in a row where neither side wins the close, with one failed push in the middle.
Read it as a stall, not yet a reversal. Check that real trading produced those draws and expect to see the pattern rarely. Then let the next decisive close tell you which way the stall resolved: above the pattern's high, or below its low.