Upside Tasuki Gap

The bullish Upside Tasuki Gap candlestick formation is a 3 day continuation pattern that occurs in a strongly upward market. The first two days of the Upside Tasuki Gap are a very strong price movement.  Profit taking occurs the third day.

Upside Tasuki Gap

The bullish Upside Tasuki Gap candlestick formation is a 3 day continuation pattern that occurs in a strongly upward market. 

 


Upside Tasuki Gap Identification

The Upside Tasuki Gap candlestick pattern occurs in a strongly upward market, starting with a bullish long day (long body) candlestick. The second day gaps up and is also a bullish long day candlestick.The third day is characterized by a bearish candlestick which opens well into the body of the second day and partially fills the gap between day 1 and 2. The third day, called the correction day, does not completely fill the gap but closes in the gap.

Upside Tasuki Gap candlestick pattern


Upside Tasuki Gap Interpretation

The first two days of the Upside Tasuki Gap is considered a very strong price movement.  The third day results in temporary profit taking.  Since the gap from day 1 is not filled, it is expected that the previous upward trend will continue.  A confirmation on the fourth day is recommended in the form of a bullish candlestick, a large gap up or a higher close.  The Upside Tasuki Gap candlestick formation is rarely seen.

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