Bearish Hikkake
Bearish Hikkake is a technical analysis pattern used to identify potential reversals in the price of a security. It is a type of candlestick pattern that is formed when the price of a security makes a series of lower highs and lower lows. The pattern is considered to be a bearish reversal signal, indicating that the security’s price is likely to move lower in the near future. The pattern is also known as a “bearish hikkake” or “bearish hikkake bar.”
History of the Term
The term “bearish hikkake” was first used by Japanese trader and analyst Goichi Hosoda in the 1960s. Hosoda was a pioneer in the field of technical analysis and is credited with developing a number of technical analysis patterns, including the bearish hikkake. The term “hikkake” is derived from the Japanese word “hikikomori,” which means “to pull back.” The bearish hikkake pattern is a visual representation of the concept of “pulling back” in the price of a security.
Comparison Table
| Pattern | Description |
|---|---|
| Bearish Hikkake | Series of lower highs and lower lows |
| Bullish Hikkake | Series of higher highs and higher lows |
Summary
The bearish hikkake is a technical analysis pattern used to identify potential reversals in the price of a security. It is a type of candlestick pattern that is formed when the price of a security makes a series of lower highs and lower lows. The pattern is considered to be a bearish reversal signal, indicating that the security’s price is likely to move lower in the near future. For more information about the bearish hikkake pattern, investors can refer to websites such as Investopedia, TradingView, and StockCharts.
See Also
- Bullish Hikkake
- Doji
- Engulfing Pattern
- Hammer
- Harami
- Head and Shoulders
- Inverted Hammer
- Morning Star
- Shooting Star
- Tweezer Tops/Bottoms
