Candlestick Patterns | Bullish Upside Tasuki Gap

Bullish Upside Tasuki Gap

The upside Tasuki gap is a candlestick pattern that acts in reality as it is supposed to in theory.
But it doesn’t do it very well. The frequency rank of 74 means it will be difficult to find,
but once you to uncover one, the price move can be delicious. Let’s take a closer look.

How to identify

  1. 1st two days are white days with an up gap between the 1st and 2nd day.
  2. 3rd day is a red day which opens within the body of the 2nd day and closes within the gap between the 1st and 2nd days.
  3. 3rd day should not fully close the gap.

Psychology

The gap up on the 2nd day does not get filled by the 3rd day. This suggests that the uptrend will continue.

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