Leavitt Brothers: Education - Candle Stick Patterns

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	Abandoned Baby
	Advance Block
	Belt Hold
	Breakaway
	Dark Cloud Cover
	Deliberation
	Doji Star
	Dragonfly Doji
	Downside Gap Three Methods
	Downside Tasuki Gap
	Engulfing
	Evening Doji Star
	Evening Star
	Falling Three Methods
	Gravestone Doji
	Hanging Man
	Harami
	Harami Cross
	Identical Three Crows
	In Neck
	Kicking
	Meeting Lines
	On Neck
	Separating Lines
	Shooting Star
	Side By Side White Lines
	Three Black Crows
	Three Inside Down
	Three Line Strike
	Three Outside Down
	Thrusting
	Tri Star
	Two Crows
	Upside Gap Two Crows

Downside Tasuki Gap

Pattern: continuation
Reliability: moderate

Identification
A long black day is followed by a second long black day that gaps in the direction of the trend. The third day is white and opens within the body of the second day and closes within the gap.

The Psychology
In a downtrend a gap is partially filled. This is simply a profit taking scenario for the shorts and a sucker entry for dumb longs. We have a weak stock in a downtrend that bounces. As long as the white day is on lighter volume, the bears will most likely retake control soon after.

The bearish Downside Tasuke Gap is similar to the bearish Downside Gap Three Methods.

I wouldn't exactly say this is a good example of a Downside Tasuki Gap candle because I'd put it in the category of candle formations that form by happenstance. ANF was going nowhere with no clear trend, but nevertheless it does give the reader a glimpse at was this type of pattern could look like.

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