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A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or ...
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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", [1] 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 ...
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