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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Potential bearish hikkake setup to be triggered below Potential bearish hikkake setup around key level. Also notice how well the pattern does in a bear market, regardless of the breakout direction.

For example, the name “hikkake pattern” has been chosen over “inside day false breakout” or “fakey pattern” by the majority of book authors who have pzttern the subject, including: First target will be the next key support level. Often times the market will appear to patteen headed one direction and then reverse, sucking all the amateurs in as the professionals push price back in the opposite direction.

However, market has been making higher lows and possibility of break out higher is definitely there. The red candle confirms the pattern on the third day when the high of that day rises above the blue line. The bullish hikkake is plentiful, so plentiful that I limited samples to 20, How target is calculated in this pattern.

That shouldn’t be a surprise because price is probably closer to the top of the confirmed candle than the bottom. Candlestick Probability candlestick candlestick pattern colour green High Low Probability red. How would you readjust it to only show reversals? Candlesticks patterns indicator candlestick patterns.

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Hikkake — Technical Analysis and Trading Ideas — TradingView

Views Read Edit View history. It indicates rejection of an important level within the market. Nice Fakey Set UpWhen price returned from going outside the mother bars low then closed with in the range of the mother bars. Thought to share it with you and anyone who want to extract information out of it Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced clients who have sufficient financial means to bear such risk.

The following day, a breakdown from an inside day lower high and a lower low Verification of the contratrend move is confirmed WITHIN 3 days of the breakout. This generates buy signal.

Bulkowski’s Bullish Hikkake

Potential bullish hikkake setup if price breaks above the high of IB on 7 July. If you’re bearish, check out this candle. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk. See Also Bearish hikkake.

Spot an Inside Bar candlestick formation – Look for big candles followed by smaller ones that are inside their range.

He may be reached at Support this site! Same Candle Run Analysis Tool analysis candlestick pattern candlesticks patterns same patern run same colour candles. Market Technicians Association Educational Foundation. Vonasi 3 weeks ago. Once in the trade, a stop placed below the bottom of the hikkake would work well.


Day prior to the inside day must close at the top of its day range and its range must be less than its previous day’s range. Bullish hikkake at support zone potentially to be triggered today. I put it to the test and the following describes my findings for the hikkake candlestick with confirmation.

Bearish hikkake setup will be triggered under Nicolas Hi, please send it to contact[at]prorealcode. A close above the high of the inside day high That’s it. The hikkake pattern has been adopted for use by IntStream Oy, a global data distributor of the Nordic electricity energy market Nord Pool, in their E2 energy market analysis platform designed for use by institutional traders.

You can see our progress in the forum. Notice that the stop is not below the low of the 6 bar, but is below the low of the 3-bar hikkake. If the stop is too far away, then either avoid the trade or use a volatility or other type of stop.

The himkake entry is triggered as price moves back up past the high of the inside bar or the low in the case of a bearish fakey. Thank you Vonasi, great idea! Here I wanted to ask, it is possible to appear a new arrow to put an acoustic signal or to intervene a window like ProOrder Auto Trading?