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Bullish Tasuki Line
Bullish Tasuki Line
Construction:
First candle:
a candle in a downtrend
black body
the high price above the prior low price
appears on as a long line
Second candle:
white body
the opening price above or equal to the previous closing price
the closing price above the previous opening price
appears on as a long line
The Bullish Tasuki Line belongs to the tasuki patterns group, predicting a downtrend
reversal. Both candles appear on as a long line. The first line has a black body,
whereas the second line has a white body. The length of the shadows does not matter;
however, the volume (if available on the given market) of the second line is
significant. Relation of the bodies is insignificant.
The pattern requires confirmation, that is, breaking out of the nearest resistance zone
or trendline.
It happens that a Bullish Tasuki Line appears as a second, and third line of a
Downside Tasuki Gap or Downside Gap Three Methods.