The Takuri Line is a bullish pattern represented by one candle. It is very similar to the famous candlestick pattern Hammer. It is a candle with a short body and a long lower wick. Like the Hammer, this one candle pattern shows how, after a bearish move, a downward move is quickly rejected by the bulls and the candle closes near its high. This quick rejection usually means that the price has reached a level of high demand. Therefore, the price is likely to go up. Then, by selecting this pattern in your strategy, it will signal a buy.
Start trading with Cryptohopper for free!
Free to use - no credit card required
Let's get started