I setup my program to find hikkake’s based on the “Bullish Hikkake, Confirmed” pattern shown in the figure to the right. That includes the 3-bar hikkake and up to . Concept: Trading strategy based on false breakouts. Research Goal: Performance verification of the hikkake pattern. Specification: Table 1. Results: Figure The hikkake pattern, or hikkake, is a technical analysis pattern used for determining market turning-points and continuations. It is a simple.

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Retrieved from ” https: So it may not hold. However, all of the numbers assume that confirmation occurs when price closes above the top of the 3-bar candle or below the bottom of the 3-bar hikkake pattern.

Leo 1 year ago. Hikkake pattern setting up at potential resistance zone in H4. Anyway, codes are correct. Leo Nice to know! It could be a small candle providing both the high and low are below the prior candle’s high and low, hikkakke.

Bulkowski’s Bullish Hikkake

Nifty intraday trading strategy [Vimalraj] Thanks Violet for your sharing. Pepsmile Good job, which could be applied for a spectrum of another indicators. Tall candles show support and resistance. Testing shows that if the very short term trend is downward leading to the confirmed hikkake candle, then performance improves. The fakey trading strategy is another bread hikkaie butter price action setup.

Day prior to the outside day must close near the bottom of its day range and its range must be less than its previous day’s range.


Bearish hikkake setup will be triggered hikkaek Market Technicians Association Educational Foundation. They are not personal or investment advice nor a solicitation to buy or sell any financial instrument.

Coppock curve Ulcer index. The red candle confirms the pattern on the third day when the high of that day rises above the blue line. This support zone has been tested many times. The inside bar is a candlestick formation that occurs when a certain candle closes inside the range of its predecessor.

Hikkake Pattern by Daniel Chesler

Two candlestick tips could improve profitability. Potential bullish hikkake setup at support zone tested several times, may just broke down this time – never know. The bullish hikkake is plentiful, so plentiful that I limited samples to 20, The remaining candles are there for confirmation.

Now i try to create afl The failure itself shows nikkake of traders to continue in the direction of the original breakout, so the Hikkake direction hi,kake favored. From Wikipedia, the free encyclopedia. From the creators of MultiCharts.

HIKKAKE PATTERN ~ simple pattern [vimalraj] –

When price rises above the top of the inside day shown as candle Bit confirms the pattern as a valid hikkake candlestick. This is something to be considered before putting in a long order.

The hikkake patternor hikkakeis a technical analysis pattern used for determining market turning-points paftern continuations.

Register Login connect with Facebook. Please share anything interesting that you find using it. Price must rise above the high of the inside day — the second candle of the pattern — in three days or less, hkkkake the candle ends. The messages and ideas posted on this website are user’s own views.


By using this site, you agree to the Terms of Use and Privacy Policy. This is a trend reversal trade. Potential bullish hikkake setup if price breaks above the high of IB on 7 July. Nice Fakey Set UpWhen price returned from going outside the mother bars low then closed with in the range of the mother bars. In all cases except for downward breakouts in a bull market, price trending down into the patern of the hikkake results in improved performance.

Francesco78 1 year ago. Nicolas 4 months ago. Wait for a breakout of the range.

Bulkowski’s Bullish Hikkake

If the stop is too far away, then either avoid the trade or use a volatility or other type of stop. My book, Encyclopedia of Candlestick Chartscovers over candlestick types but not the hikkake. Psychology Behind The Hikkake The failure of the Inside Bar triggers stop losses of traders which attempted to trade the Inside Bar, thus adding strength of the movement. That includes the 3-bar hikkake and up to 3 additional days for confirmation.