Upside Tasuki Gap Candlestick: Summary
The upside Tasuki gap is a candlestick pattern that acts in reality as it is supposed to in theory. But it doesn’t do it very well. The frequency rank of 74 means it will be difficult to find, but once you to uncover one, the price move can be delicious. Let’s take a closer look.
Upside Tasuki Gap Candlestick: Important Results
Theoretical performance: Bullish continuation Tested performance: Bullish continuation 57% of the time Frequency rank: 74 Overall performance rank: 5 Best percentage meeting price target: 38% (bear market, up breakout) Best average move in 10 days: -9.20% (bear market, down breakout) Best 10-day performance rank: 2 (bear market, down breakout) All ranks are out of 103 candlestick patterns with the top performer ranking 1. “Best” means the highest rated of the four combinations of bull/bear market, up/down breakouts. The above numbers are based on hundreds of perfect trades. See the glossary for definitions. |  Upside Tasuki Gap |
Upside Tasuki Gap Candlestick: Discussion
The best average move 10 days after the breakout is a drop of 9.2% in a bear market, ranking 2nd. I consider moves of 6% or higher as good, so this is a moon shot! A look at the numbers shows that the candle pattern in a bear market, regardless of the breakout direction, is the best performing. However, the bull market results aren’t bad either.
Upside Tasuki Gap Candlestick: Identification Guidelines
| Characteristic | Discussion |
| Number of candle lines | Three. |
| Price trend leading to the pattern | Upward. |
| Configuration | Look for a white candle in an upward price trend. Following that, find another white candle, but this one gaps higher and that includes a gap between the shadows of the two candles. The last day is a black candle that opens in the body of the prior candle and closes within the gap created between the first two candles. |
Upside Tasuki Gap Candlestick: Three Trading Tidbits
- Upside Tasuki gap candles that appear within a third of the yearly low usually perform best — page 890.
- The candle breaks out upward most often — page 894.
- If the breakout is downward, the stock sometimes returns to the launch price — page 893.
Upside Tasuki Gap Candlestick: Example
This upside Tasuki gap appears in an upward price trend and has an upward breakout. That means it acts as a bullish continuation candle. An upward breakout, by the way, occurs when the stock closes above the top of the candlestick pattern.
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