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Hikkake Pattern




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.



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