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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.
False
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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The three black crows pattern is open to interpretation, such as what constitutes an appropriately short shadow.
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