Thrusting

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Figure 1. Thrusting pattern.

Figure 1. Thrusting pattern.

Japanese name: sashikomi
Forecast: bearish continuation
Trend prior to the pattern: downtrend
Opposite pattern: none

Construction:

  • First candle
    • a candle in a downtrend
    • black body
    • appears as a long line
  • Second candle
    • white body
    • the opening below the prior low
    • the closing above the previous candle's closing
    • the closing below the midpoint of the previous candle's body
    • appears as a long line

 

The Thrusting is a bearish continuation two-line pattern. It is very much similar to the Piercing pattern.

The first candle is a black candle appearing in a downtrend as a long line. It can be one of the following basic candles: Black Candle, Long Black Candle, Black Marubozu, Opening Black Marubozu, Closing Black Marubozu.

The second candle also appears as a long line but has a white body and opens below the previous low. The second line closes between the prior candle's midpoint and its closing price. It can be one of the following basic candles: White Candle, Long White CandleWhite Marubozu, Opening White Marubozu, Closing White Marubozu.

The spinning tops and doji candles cannot appear as a part of the pattern.

The Thrusting pattern appears in a downtrend predicting its continuation. The forecast should be confirmed in the form of a black candle following the pattern. That candle should close below the second line's opening price. If a volume data is relevant to a given market (e.g. stock market), it should increase for candles forming the pattern.

If a white candle follows the pattern, a trend reversal may be expected. In that case, the white candle following the pattern should be closed above the first line's opening price. Alternatively the candle may break out of a trendline or the nearest resistance zone. It is good if an increased trading volume (if available for a given market) accompanies that candle.

 

Figure 2.

Figure 2. A Black Candle, following a Thrusting pattern, confirms a downtrend continuation.

 

Figure 3.

Figure 3. A Thrusting pattern is not confirmed on the following candle due to a White Candle appearance. The bulls, however, cannot move the price significantly higher. The problem for them is a Falling Window formed at a high trading volume. Eventually, the bears are in control of the market.

 

Thrusting statistics

Below you can find some Thrusting 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: Thrusting
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 (Thrusting): 2,546
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Thrusting): 0.40 %
Average frequency: 878.4
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 614 684 451 797
% of
Occurrences
0.00 % 24.12 % 26.87 % 17.71 % 31.30 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
1 595 567 413 970
% of
Occurrences
0.04 % 23.33 % 22.27 % 16.22 % 38.14 %

 

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
RIG 6 839.0 5 83.33 % 6 100.00 %
NVDA 8 517.0 7 87.50 % 7 87.50 %
HSY 6 839.0 4 66.67 % 5 83.33 %
KMB 6 839.0 3 50.00 % 5 83.33 %
MNST 6 729.2 5 83.33 % 5 83.33 %
UPS 6 655.5 3 50.00 % 5 83.33 %
ADBE 5 1,006.8 4 80.00 % 4 80.00 %
AIG 5 1,006.8 4 80.00 % 4 80.00 %
EMN 5 1,006.8 3 60.00 % 4 80.00 %
GLW 10 503.4 7 70.00 % 8 80.00 %

 

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
BAC 5 1,006.8 4 80.00 % 4 80.00 %
SNA 5 1,006.8 4 80.00 % 4 80.00 %
SNDK 5 988.8 4 80.00 % 4 80.00 %
AA 6 839.0 4 66.67 % 4 66.67 %
AKAM 6 656.8 4 66.67 % 4 66.67 %
CAM 6 838.8 4 66.67 % 4 66.67 %
HAL 6 839.0 4 66.67 % 4 66.67 %
REGN 6 838.8 4 66.67 % 4 66.67 %
SLB 6 839.0 4 66.67 % 4 66.67 %
KEY 8 629.3 5 62.50 % 5 62.50 %
Pattern name: Thrusting
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 (Thrusting): 618
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Thrusting): 0.37 %
Average frequency: 993.6
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 106 248 116 148
% of
Occurrences
0.00 % 17.15 % 40.13 % 18.77 % 23.95 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
1 95 210 112 200
% of
Occurrences
0.16 % 15.21 % 33.98 % 18.12 % 32.53 %

 

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
AAL 2 196.0 1 50.00 % 2 100.00 %
ADT 2 350.0 1 50.00 % 2 100.00 %
AES 2 629.0 1 50.00 % 2 100.00 %
BIIB 2 629.0 1 50.00 % 2 100.00 %
CMA 2 629.0 1 50.00 % 2 100.00 %
FLR 2 629.0 1 50.00 % 2 100.00 %
FSLR 3 419.3 3 100.00 % 3 100.00 %
GMCR 2 629.0 1 50.00 % 2 100.00 %
HIG 2 629.0 2 100.00 % 2 100.00 %
JNPR 2 629.0 2 100.00 % 2 100.00 %

 

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
MAT 2 629.0 2 100.00 % 2 100.00 %
SNA 2 629.0 2 100.00 % 2 100.00 %
SPLS 2 629.0 2 100.00 % 2 100.00 %
CBS 3 419.3 2 66.67 % 2 66.67 %
DOV 3 419.3 2 66.67 % 2 66.67 %
OXY 3 419.3 2 66.67 % 2 66.67 %
SNI 3 419.3 2 66.67 % 2 66.67 %
AA 2 629.0 1 50.00 % 1 50.00 %
ACE 2 629.0 1 50.00 % 1 50.00 %
ACN 2 629.0 1 50.00 % 1 50.00 %

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