Trade4God

Tristar pattern on USOIL 15 minute chart

Long
FX:USOIL   CFDs on Crude Oil (WTI)
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!

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