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Hikkake Pattern

 

Description

 

A price trend does not have to occur before a hikkake pattern. Another name for this pattern is the “inside day false breakout”. Hikkake in Japanese means “trick” or “trap”.

 

It is a pattern of three candles, whose color is not important. It is a failed inside-bar pattern. The inside candlestick occurs when a certain candle closes inside the range of the previous one. A breakout of the range is confirming the inside bar. The hikkake trades on the failure, when the range is again broken to the opposite side.

 

Market Opinion

 

Bullish or bearish.

 

Pattern

Description: Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\Hikkaka Pattern_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
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