|Upside Tasuki Gap
Pattern: continuation |
A long white day is followed by a second long white day that gaps in the
direction of the trend. The third day is black and opens within the body
of the second day and closes within the gap.
In an uptrend a gap is partially filled. This is simply a profit taking
scenario. We have a strong stock in an uptrend that pulls back. As long
as the black day is on lighter volume, the bulls will most likely retake
control soon after.
The bullish Upside Tasuki Gap is similar to the bullish Upside Gap Three