High Price Gapping Play Candlestick Formation
Description
The High Price Gapping Play, or Gapping Play Rising, is one of the candlestick patterns that is not composed of a predefined number of candles. At the beginning of this formation, we start with a large green candle in an uptrend. This large green candle is followed by several small candles, creating an area of consolidation. This area of consolidation is then followed by a gap up above the consolidation area. This is a bullish continuation pattern, and in western technical analysis is known as an upside breakout gap.