Upside Tasuki Gap Candlestick Formation
Description
The Downside Tasuki Gap candlestick formation is composed of 3 candles. The first candle is a red candle - nothing special. The 2nd candle is a red bodied candle which gaps below the first candle. The third candle is a green candle which opens above the high of the previous candle, but whose close does not close the gap from the first candle. This is a bearish formation and indicates that price should be moving up - this is also normally a continuation pattern.