Happy Friday oil
traders! I just noticed this Tristar on the 15 minute chart for USOIL
. I had never seen 3 dojis in a row so I had to look it up. According to my reference, a Tristar is 3 doji candlesticks
that appear at the end of a run, either long or short. They typically indicate a change in direction. Considering the decline in oil
today, maybe this is an indication of some upward movement. If so, trade with caution, and use your stops accordingly. Trade safe, and have a great weekend!