Bel created a Bullish Upside Tasuki Gap continuation pattern, Please noted the high volume in the first and second and third poles. The 2nd Pennant candles is the same as the developing third pennant candles.
This Bullish Upside Tasuki Gap Pattern is a rare formation.
Just do not forget your stops.
The pattern is characterized by two long white candlesticks with a gap upward between them during an uptrend. However the pattern also shows a black candlestick on the third day partially closing the gap between the first two. The black candlestick is the result of temporary profit taking. We expect the trend to continue upward following the direction of the upward gap.
Recognition Criteria:
1. Market is characterized by uptrend.
2. We see two long white candlesticks with a gap between them.
3. Then we see black candlestick on the third day that opens within the body of the second day.
4. The third day candlestick closes into the gap but does not fully close the gap.
Since the gap is not filled or closed, the previous upward trend must continue.
2 comments:
tracer, could very well be a dark cloud cover.
BEL pattern doesn't meet the 3 & 4 recognition criteria of the tasuki gap.
tasuki gaps give you a 50-50 chance too.
merry christmas!!!
Category 3 " within the body, although a few flucs below and category 4 the GAP was not covered"
Yup medium reliability, trader with caution, I would like it to form a pennant like the second pole.
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