PATTERN : CONTINUATIONTREND : BEARISH
RELIABILITY : MODERATE
How to Identify it :
Two long black days occur with a gap between them
The third day is a white day that fills the gap between the first two days
What it Means :
A downtrend is followed by two long black days with a gap downward between them. The third day is a white day, but one that closes the gap between the first two. This should be seen as support for the downward trend.
A downtrend is followed by two long black days with a gap downward between them. The third day is a white day, but one that closes the gap between the first two. This should be seen as support for the downward trend.
:Downside Tasuki Gap::Bearish
PATTERN : CONTINUATION
TREND : BEARISH
RELIABILITY : MODERATE
How to Identify it :
The first two days are black days with an opening gap
The third day is a white day that opens within the body of the second day and closes within the gap of the first two days
TREND : BEARISH
RELIABILITY : MODERATE
How to Identify it :
The first two days are black days with an opening gap
The third day is a white day that opens within the body of the second day and closes within the gap of the first two days
What it Means :
In a downtrend a black day occurs, followed by another black day that gaps down. A white day ensues, and is likely the result of investors temporarily taking advantage of the low buying price. The trend should continue to follow the direction of the downward gap.
In a downtrend a black day occurs, followed by another black day that gaps down. A white day ensues, and is likely the result of investors temporarily taking advantage of the low buying price. The trend should continue to follow the direction of the downward gap.
