Importance of Downside Tasuki Gap

While trading in stocks, investors and technical analysts must be aware of the market trends in order to obtain the best intraday cash tips. To gauge the market for unique opportunity, candlestick charts are the best tools available. There are various patterns in the candlestick chart and one of pattern indicating the continuation of downtrend is downside tasuki gap. This firmly signals the downtrend in the market. In this formation, the first bar is red candlestick with downtrend. The second bar is also a red candlestick but it gaped below the close of the previous bar. The third bar is white candlestick, which close the gap between the first two bars. The technical analysts of money classic research are expert in gauging the market accurately with the help of candlestick charts.

 

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