A bit curious to see how the Hikkake Bar pattern will form. It is not a trading system in itself, but I think it provides a good confirmation within a larger chart pattern. Here, we have a descending triangle pattern and a 'Potential' Hikkake bar pattern is being formed.
Its not a 100% Hikkake pattern because the set up didn't happen in 3 bars. Nonetheless, the appearance of this pattern near the support zone of the desc. triangle gives some indication.
****Short only if price closes below the support line.****
EDIT: Target revised to 170.657. Refer to comments
Its not a 100% Hikkake pattern because the set up didn't happen in 3 bars. Nonetheless, the appearance of this pattern near the support zone of the desc. triangle gives some indication.
****Short only if price closes below the support line.****
EDIT: Target revised to 170.657. Refer to comments
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.