Terms Beginning With 'h'

Hikkake Pattern

  • January 29, 2020
  • Team Kalkine

The hikkake pattern is a simple pattern reflecting share prices. It is used by traders as well as technical analysts with an aim to determine turning points in the market and continuations. The hikkake pattern is represented by conventional bar charts, point and figure charts, or the Japanese candle charts that can be observed in market price data and includes two distinct formats-

  1. indicating a short-term descending trend in price,
  2. indicating a short-term upward movement in price.

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