Candlestick chart patterns

Back to main page
Bearish Counter-Attack Lines
Bearish Engulfing Pattern
Bearish Harami
Bearish Hikkake Pattern
Bearish Multi-Harami Pattern
Bearish Separating Lines
Bearish Star
Belt hold line (Marubozu)
Belt-Hold line-Yorikiri-Bearish Pattern
Belt-Hold line-Yorikiri-Bullish Pattern
Bullish Counter-Attack Lines
Bullish Engulfing Pattern
Bullish Harami
Bullish Hikkake Pattern
Bullish Kicker Candlestick Pattern
Bullish Multi-Harami Pattern
Bullish Separating Lines
Bullish Star Pattern
Butterfly Doji
Channels
Coiling Inside Bar
Cup and Handle
Dark Cloud Cover Pattern
Doji Pattern
Doji Star Candlestick Pattern
Double Inside Bar
Downward Gap Tasuki
Flags and Pennants
Gravestone Doji
Hammer & Hanging man Pattern
Head and Shoulders and Inverted Head and Shoulders
Inverted Hammer & Shooting Star Pattern
Ladder Bottom
Ladder Top
Long-legged Doji
Mat-Hold Pattern
Mega Bearish Engulfing
Mega Bullish Engulfing
Multi Inside Bar
Negative Bias Candle
Piercing Pattern
Positive Bias Candle
Raindrop
Rickshaw-man Doji
Rounding Bottom
Side-by-side Green lines - Bearish
Side-by-side Green lines - Bullish
The Evening Star
The Falling Three Pattern
The Morning Star
The Rising Three
Three Advancing Soldiers
Three Black Crows Pattern
Three Inside Out Pattern - Bearish
Three Inside Out Pattern - Bullish
Three Line Strike Pattern - Bearish
Three Line Strike Pattern - Bullish
Three Outside Up Pattern - Bearish
Three Outside Up Pattern - Bullish
Three River Bottom Pattern
Trend Angles: 45 Degree Trendline
Trendlines
Triangles
Upside Gap Two Crows
Upward Gap Tasuki
Wedges: Rising and Falling Wedges
Windows

Upward Gap Tasuki

In the uptrend, price gaps higher and forms the bullish session. The low price of the candle is higher than the high price of the previous candle, hence there is a rising window in the uptrend. In the next candle, price gaps down and opens lower than the previous closing price. The opening price of the candle is within the body (Below the closing price and above the opening price) of its previous bullish candle.

It turns out to be a bearish candlestick pattern which closes lower than the previous candle body. The price action is bearish. This formation is known as an Upward Gap Tasuki Pattern, it is a bullish pattern!

The rising window in uptrend is a major reason why this pattern is bullish. The bullish candlestick pattern with rising window is followed by a bearish candlestick pattern which opens within the body of the previous candle and closes below it but the rising window remains intact. It is a pullback pattern that provides opportunity to participate in the uptrend.

This price pattern is bullish unless rising window gets closed and price sustains below it. The body of last two candles of the pattern should be similar in size.

Click here to learn more about the pattern.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

Open Demat Account