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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. 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. 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!
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 | 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 % |
| 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 % |
| 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 % |
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 | 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 % |
| 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 % |
| 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 % |
