Candlestick Patterns

Modified Hikkake Bearish

The Modified Hikkake Bearish is a continuation bearish pattern represented by three candles. The first candle decreases and has a long body. The next one closes above the previous low and has a lower high. Finally, the third one decreases, has a long body and makes a new low. The second candle increases and looks like it can make a reversal, it is often called the trap. However, it can’t break the previous high and is totally engulfed by the first one. The last candle decreases again and makes a new low, which leads the way for further falls. Then, this pattern will generate a sell signal.

Start trading with Cryptohopper for free!

Free to use - no credit card required

Let's get started
Cryptohopper appCryptohopper app
©2017 - 2022 Copyright by Cryptohopper™ - All rights reserved.