Candlestick Patterns

Modified Hikkake Bullish

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

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