Bullish Tasuki Line

See our Patterns Dictionary for other patterns.

Check our CandleScanner software and start trading candlestick patterns!

Figure 1.

Figure 1. Bullish Tasuki Line pattern.

Japanese name: tasuki
Forecast: bullish reversal
Trend prior to the pattern: downtrend
Opposite pattern: Bearish Tasuki Line
See also: Downside Tasuki Gap, Downside Gap Three Methods

Construction:

  • First candle
    • a candle in a downtrend
    • black body
    • the high price above the prior low price
    • appears on as a long line
  • Second candle
    • white body
    • the opening price above or equal to the previous closing price
    • the closing price above the previous opening price
    • appears on as a long line

 

The Bullish Tasuki Line belongs to the tasuki patterns group, predicting a downtrend reversal. Both candles appear on as a long line. The first line has a black body, whereas the second line has a white body. The length of the shadows does not matter; however, the volume (if available on the given market) of the second line is significant. Relation of the bodies is insignificant.

The pattern requires confirmation, that is, breaking out of the nearest resistance zone or trendline.

It happens that a Bullish Tasuki Line appears as a second, and third line of a Downside Tasuki Gap or Downside Gap Three Methods.

 

Figure 2.

Figure 2. A Long Black Candle is defeated by a candle following a Homing Pigeon bullish pattern. The Long Black Candle is the first line of the Homing Pigeon. The pattern has a problem, however, to break out of the resistance zone formed by a Falling Window.
In such market context a Bullish Tasuki Line appears. Its second line, an Opening White Marubozu, did not break out of the mentioned resistance zone but forms a support area itself, and the market moves sideways. Price forms a White Candle and the bulls retake the control.

 

Figure 3.

Figure 3. A Bullish Tasuki Line is preceded by a Falling Window. The bulls need to overcome now the price gap formed at a high trading volume within the Falling Window. The bears are gaining control however until a Takuri Line appears which is a chance for the bulls to retake control.

 

Bullish Tasuki Line statistics

Below you can find some Bullish Tasuki Line pattern statistics calculated by CandleScanner software. To see more detailed statistics, for other markets and periodicity try our CandleScanner software. Prices start at only $10, and you can see more detailed statistics, for other markets and periodicity. Click here to find out more!

Pattern name: Bullish Tasuki Line
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/1995 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 2,236,421
Number of occurrences (Bullish Tasuki Line): 11,511
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Bullish Tasuki Line): 1.80 %
Average frequency: 194.3
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
6 2,262 3,110 2,205 3,928
% of
Occurrences
0.05 % 19.60 % 27.02 % 19.16 % 34.17 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
16 2,177 2,409 1,921 4,988
% of
Occurrences
0.14 % 18.77 % 20.93 % 16.69 % 43.47 %

 

10 top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
TXT 30 167.8 13 43.34 % 20 66.67 %
AMGN 32 157.3 17 53.13 % 20 65.63 %
UHS 32 157.3 17 53.13 % 21 65.63 %
JEC 29 173.6 15 51.73 % 19 65.52 %
ESV 29 173.6 19 65.52 % 19 65.51 %
XEC 26 123.6 13 50.01 % 17 65.38 %
TSO 25 201.4 14 56.00 % 16 64.00 %
EA 36 139.8 17 47.22 % 23 63.89 %
EOG 33 152.5 18 54.55 % 21 63.64 %
RIG 30 167.8 19 63.34 % 19 63.34 %

 

10 top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
VRSN 30 146.1 17 56.67 % 17 56.67 %
YHOO 28 172.8 12 42.86 % 12 42.86 %
HIG 28 175.6 11 39.29 % 11 39.29 %
EBAY 24 175.8 9 37.50 % 9 37.50 %
ETFC 24 197.9 9 37.50 % 9 37.50 %
JNPR 27 149.2 10 37.04 % 10 37.04 %
LUK 27 186.4 10 37.04 % 10 33.34 %
CELG 25 201.4 10 40.00 % 9 36.00 %
BAC 28 179.8 11 39.29 % 10 35.71 %
TWX 28 179.8 10 35.71 % 10 35.71 %
Pattern name: Bullish Tasuki Line
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/2010 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 614,034
Number of occurrences (Bullish Tasuki Line): 3,465
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Bullish Tasuki Line): 2.08 %
Average frequency: 177.2
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
6 561 1,140 793 965
% of
Occurrences
0.17 % 16.02 % 32.90 % 22.89 % 28.02 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
16 517 824 688 1,420
% of
Occurrences
0.46 % 14.46 % 23.78 % 19.86 % 41.44 %

 

10 top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
MA 9 139.8 6 66.67 % 8 88.89 %
MAS 7 179.7 6 85.71 % 6 85.71 %
MUR 10 125.8 7 70.00 % 8 80.00 %
NOV 10 125.8 7 70.00 % 8 80.00 %
AMG 9 139.8 6 66.67 % 7 77.78 %
EXPE 9 139.8 7 77.78 % 7 77.78 %
IR 9 139.8 6 66.67 % 7 77.78 %
LVLT 9 139.8 7 77.78 % 7 77.78 %
WHR 9 139.8 6 66.67 % 7 77.78 %
BAX 8 157.3 1 12.50 % 6 75.00 %

 

10 top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
CRM 8 157.3 5 62.50 % 5 62.50 %
XL 7 179.7 4 57.14 % 4 57.14 %
MU 9 139.8 5 55.56 % 5 55.56 %
HIG 10 125.8 5 50.00 % 5 50.00 %
STJ 8 157.3 4 50.00 % 4 50.00 %
RHT 9 139.8 4 44.44 % 4 44.44 %
NTAP 7 179.7 3 42.86 % 3 42.86 %
TGNA 7 179.7 3 42.86 % 3 42.86 %
TXN 7 179.7 3 42.86 % 3 42.86 %
APA 10 125.8 4 40.00 % 4 40.00 %

Comments are closed.