Hikkake pattern
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The hikkake pattern, or hikkake, is a technical analysis pattern used for determining market turning-points and continuations. It is a simple pattern that can be observed in market price data, using traditional bar charts, point and figure charts, or Japanese candlestick charts. The pattern does not belong to the collection of traditional candlestick chart patterns. Though some have referred to the hikkake pattern as an "inside day false breakout" or a "fakey pattern", these are deviations from the original name given to the pattern by Daniel L. Chesler, CMT and are not popularly used to describe the pattern. For example, the name "hikkake pattern" has been chosen over "inside day false breakout" or "fakey pattern" by the majority of book authors who have covered the subject, including: "Technical Analysis: The Complete Resource for Financial Market Technicians" by Charles D. Kirkpatrick and Julie R. Dahlquist, and "Long/Short Market Dynamics: Trading Strategies for Today's Markets" by Clive M. Corcoran, and "Diary of a Professional Commodity Trader" by Peter L. Brandt.
The hikkake pattern, or hikkake, is a technical analysis pattern used for determining market turning-points and continuations. It is a simple pattern that can be observed in market price data, using traditional bar charts, point and figure charts, or Japanese candlestick charts. The pattern does not belong to the collection of traditional candlestick chart patterns. Though some have referred to the hikkake pattern as an "inside day false breakout" or a "fakey pattern", these are deviations from the original name given to the pattern by Daniel L. Chesler, CMT and are not popularly used to describe the pattern. For example, the name "hikkake pattern" has been chosen over "inside day false breakout" or "fakey pattern" by the majority of book authors who have covered the subject, including: "Technical Analysis: The Complete Resource for Financial Market Technicians" by Charles D. Kirkpatrick and Julie R. Dahlquist, and "Long/Short Market Dynamics: Trading Strategies for Today's Markets" by Clive M. Corcoran, and "Diary of a Professional Commodity Trader" by Peter L. Brandt. ==References== ==External links== Quantifying Market Deception with The Hikkake Pattern Noted technical analysis authority Thomas Bulkowski considers in detail the historical performance record of the Hikkake pattern The Hikkake Pattern - eSignal Trading Education Article Archives Historical performance (1980-2013) of the hikkake pattern across 42 futures markets
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