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Japanese name: shita banare tasuki
Forecast: bearish continuation
Trend prior to the pattern: downtrend
Opposite pattern: Upside Tasuki Gap
Construction:
- First candle
- a candle in a downtrend
- black body
- Second candle
- black body
- the high below the prior low (gap)
- Third candle
- white body
- the opening price within the prior body
- the closing price below the first line closing
The Downside Tasuki Gap is a three-line bearish continuation pattern belonging to the tasuki patterns family.
Its first line appears as a long line in a downtrend, having a black body.
The second line may appear as any black candle, either as a long or short line. A price gap exists between first two lines.
The third line may be any white candle (except doji candles) which opens between prior opening and closing prices. It closes above the prior closing price, however, is not closing the price gap between first and second line.
The Downside Tasuki Gap should be confirmed, that is candles following its occurrence should close below second line's closing price.
The second and third line of the pattern may form the Bullish Tasuki Line acting as a bullish reversal pattern. Therefore considering the market context is very important.
Downside Tasuki Gap statistics
Below you can find some Downside Tasuki Gap pattern statistics calculated by CandleScanner software.
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 (Downside Tasuki Gap): 164
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Downside Tasuki Gap): 0.03 %
Average frequency: 13,636.7
Efficiency statistics (5 candlesticks testing period)
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
0 | 52 | 31 | 27 | 54 |
% of Occurrences |
0.00 % | 31.71 % | 18.90 % | 16.46 % | 32.93 % |
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
0 | 51 | 22 | 25 | 66 |
% of Occurrences |
0.00 % | 31.10 % | 13.41 % | 15.24 % | 40.25 % |
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 |
AON | 2 | 2,517.0 | 1 | 50.00 % | 2 | 100.00 % |
CCE | 2 | 2,517.0 | 2 | 100.00 % | 2 | 100.00 % |
COP | 2 | 2,517.0 | 1 | 50.00 % | 2 | 100.00 % |
CSX | 2 | 2,517.0 | 0 | 0.00 % | 2 | 100.00 % |
CTL | 2 | 2,517.0 | 2 | 100.00 % | 2 | 100.00 % |
ISRG | 1 | 3,785.0 | 1 | 100.00 % | 1 | 100.00 % |
MON | 1 | 3,696.0 | 1 | 100.00 % | 1 | 100.00 % |
NFLX | 1 | 3,299.0 | 1 | 100.00 % | 1 | 100.00 % |
TEL | 1 | 2,026.0 | 1 | 100.00 % | 1 | 100.00 % |
WYN | 1 | 2,253.0 | 1 | 100.00 % | 1 | 100.00 % |
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 |
AKAM | 1 | 3,941.0 | 1 | 100.00 % | 1 | 100.00 % |
CNX | 1 | 4,069.0 | 1 | 100.00 % | 1 | 100.00 % |
D | 2 | 2,517.0 | 2 | 100.00 % | 2 | 100.00 % |
HON | 2 | 2,517.0 | 2 | 100.00 % | 2 | 100.00 % |
PCLN | 1 | 4,090.0 | 1 | 100.00 % | 1 | 100.00 % |
WDC | 2 | 2,517.0 | 2 | 100.00 % | 2 | 100.00 % |
APC | 2 | 2,517.0 | 1 | 50.00 % | 1 | 50.00 % |
COF | 2 | 2,517.0 | 1 | 50.00 % | 1 | 50.00 % |
GNW | 2 | 1,397.0 | 1 | 50.00 % | 1 | 50.00 % |
HOT | 2 | 2,517.0 | 1 | 50.00 % | 1 | 50.00 % |
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 (Downside Tasuki Gap): 62
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Downside Tasuki Gap): 0.04 %
Average frequency: 9,903.8
Efficiency statistics (5 candlesticks testing period)
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
0 | 19 | 14 | 10 | 19 |
% of Occurrences |
0.00 % | 30.65 % | 22.58 % | 16.13 % | 30.64 % |
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
0 | 18 | 9 | 10 | 25 |
% of Occurrences |
0.00 % | 29.03 % | 14.52 % | 16.13 % | 40.32 % |
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 |
CSX | 2 | 629.0 | 0 | 0.00 % | 2 | 100.00 % |
BAC | 2 | 629.0 | 1 | 50.00 % | 1 | 50.00 % |
GNW | 2 | 629.0 | 1 | 50.00 % | 1 | 50.00 % |
SWKS | 2 | 629.0 | 1 | 50.00 % | 1 | 50.00 % |
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 |
BAC | 2 | 629.0 | 1 | 50.00 % | 1 | 50.00 % |
GNW | 2 | 629.0 | 1 | 50.00 % | 1 | 50.00 % |