Hikkake
Pattern
Description
A
price trend does not have to occur before a hikkake pattern. Another name for
this pattern is the “inside day false breakout”. Hikkake in Japanese means
“trick” or “trap”.
It
is a pattern of three candles, whose color is not important. It is a failed
inside-bar pattern. The inside candlestick occurs when a certain candle closes
inside the range of the previous one. A breakout of the range is confirming the
inside bar. The hikkake trades on the failure, when the range is again broken
to the opposite side.
Market
Opinion
Bullish
or bearish.
Pattern