Podcast
Questions and Answers
The Upside Tasuki Gap is used to signal the reversal of the current trend.
The Upside Tasuki Gap is used to signal the reversal of the current trend.
False
The third bar in the Upside Tasuki Gap pattern is usually a white/green candlestick.
The third bar in the Upside Tasuki Gap pattern is usually a white/green candlestick.
False
The Upside Tasuki Gap pattern demonstrates strength in a downtrend.
The Upside Tasuki Gap pattern demonstrates strength in a downtrend.
False
The inability of bears to close the gap in the Upside Tasuki Gap suggests the uptrend is likely to continue.
The inability of bears to close the gap in the Upside Tasuki Gap suggests the uptrend is likely to continue.
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The Upside Tasuki Gap is also known as the Downward Tasuki Gap.
The Upside Tasuki Gap is also known as the Downward Tasuki Gap.
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Gaps are insignificant price changes that have no impact on trading strategies.
Gaps are insignificant price changes that have no impact on trading strategies.
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Typical gap patterns form over two to three weeks of trading.
Typical gap patterns form over two to three weeks of trading.
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Upside Tasuki Gaps can only occur during a bullish trending pattern.
Upside Tasuki Gaps can only occur during a bullish trending pattern.
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Bullish patterns typically follow a cycle that begins with a breakaway gap confirming a reversal, followed by several runaway gaps and then an exhaustion gap.
Bullish patterns typically follow a cycle that begins with a breakaway gap confirming a reversal, followed by several runaway gaps and then an exhaustion gap.
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The black/red candlestick that forms the Upside Tasuki Gap acts as a period of minor consolidation before the bears continue to send the price lower.
The black/red candlestick that forms the Upside Tasuki Gap acts as a period of minor consolidation before the bears continue to send the price lower.
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An Upside Tasuki Gap can occur within an ascending channel that also includes one or several of the gaps mentioned above.
An Upside Tasuki Gap can occur within an ascending channel that also includes one or several of the gaps mentioned above.
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David's stop-loss order was placed above the high of the first candlestick at $62.97.
David's stop-loss order was placed above the high of the first candlestick at $62.97.
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The three black crows pattern is a reliable indicator of oversold conditions in a stock.
The three black crows pattern is a reliable indicator of oversold conditions in a stock.
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The relative strength index (RSI) and stochastic oscillator are the only technical indicators that can be used to confirm a three black crows pattern.
The relative strength index (RSI) and stochastic oscillator are the only technical indicators that can be used to confirm a three black crows pattern.
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The three white soldiers pattern is a bearish candlestick pattern that predicts the reversal of a current downtrend.
The three white soldiers pattern is a bearish candlestick pattern that predicts the reversal of a current downtrend.
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The actual number of market participants is more important than the volume each is bringing to the table.
The actual number of market participants is more important than the volume each is bringing to the table.
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A three black crows pattern may involve a breakdown from key support levels, which could independently predict the beginning of an intermediate-term downtrend.
A three black crows pattern may involve a breakdown from key support levels, which could independently predict the beginning of an intermediate-term downtrend.
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The three black crows pattern is open to interpretation, such as what constitutes an appropriately short shadow.
The three black crows pattern is open to interpretation, such as what constitutes an appropriately short shadow.
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