Rising Window Candlestick Pattern
A Rising Window candlestick pattern is more commonly known as a gap-up. But here at Trendy Stock Charts I like to stick with the Japanese candlestick terminology when possible.
Window candlestick patterns provide very stiff support and resistance areas. In the case of a Rising Window candlestick pattern, a bullish signal is being sent that shares are being bought above the gap-up area more than are being sold.
When this happens, market makers adjust instantly by driving up the stock's share price to an area where buying and selling demand are more in balance with each other.
This sharp increase in the stock price usually happens outside of the market's normal trading hours, like after the release of great press or a fantastic earnings announcement.
Requirements
Listed below are the requirements for a Rising Window candlestick pattern.
- It is a bullish continuation candlestick pattern
- A Rising Window candlestick pattern is a 2 candlestick pattern
- There must be an empty space between the two candlesticks in the pattern where the intra-day prices do not overlap
- There must be an empty space between the two candlesticks in the pattern where the intra-day prices do not overlap
- It is possible for the first of the two candlestick patterns to have a red colored real body, however the most likely scenario is two green colored candlesticks that make up the pattern
Characteristics & Observations
Listed below are some of the characteristics and observations I have made for Rising Window candlestick patterns......
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