Great find maent, thank you! Here’s more great news for all in $LKSD: Tristar Pattern formation in $LKSD’s chart! This Tristar Pattern is relatively rare, and a strong indication of reversal of current trend.
Tristar Pattern in a nutshell
This Pattern is easy to identify; it’s when three doji candles appear at the top of a trend, whether it is bullish or bearish. For those who don’t know, a doji is when the open and close are essentially the same, and the wicks on the candles are not very long.
Candlestick patterns are pivotal for technical chart analysts. Identifying potential shifts in the market can give you an extra edge in the market, allowing you to prepare by moving positions around if need be. The Tristar candlestick Pattern is made up of these candles, and typically signals a breakout reversal.
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.
$LKSDQ
