Rare Reversal Candle Formation on the Salesforce Chart

By | November 24, 2015

A Tri-Star candle pattern has formed on the Salesforce.con (CRM) daily chart. This is a rare formation consisting of three consecutive doji candles that follow a protracted trending period. The doji candle has a narrow opening and closing range and often a high wick, and represents market indecision.
In the case of CRM, the TriStar is a bearish reversal signal, but like all individual candles of candle patterns requires confirmation.

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