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.
Explanation:
The Bullish Upside Tasuki Gap Pattern appears in a
strongly upward market. This bullish move continues
one more day with a gap in the direction of the uptrend.
The black candlestick of the third day is characterized
by an opening well into the body of the second day,
which partially fills the gap. This third day, called
the correction day, do not completely fill the gap so
the previous uptrend should continue. This is a case
of temporary profit taking. Since the gap is not filled
or closed, the previous upward trend must continue.
Important Factors:
This Bullish Upside Tasuki Gap Pattern is a rare formation.
The real bodies of the last two candlesticks in the
Bullish Upside Tasuki Gap Pattern are about the same
size.
This Bullish Upside Tasuki Gap Pattern is a simple
pattern quite similar to the Bullish Upside Gap Three
Methods Pattern. The only difference is that in the
Bullish Upside Gap Three Methods Pattern, the gap that
is made between the first two days is filled in the
third day.
A confirmation on the fourth day is recommended in
the form of a white candlestick, a large gap up or a
higher close.
