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Modified Hikkake Pattern

 

Description

 

The modified hikkake pattern is a variation of a basic hikkake pattern, where the bar preceding the inside bar must close at the top of its range (bearish) or the low of its range (bullis). The range must be less than the range of the previous bar.

 

The modified hikkake is a trend reversal pattern, whereas the basic hikkake is both a reversal and a continuation pattern.

 

 

 
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