High Price Gapping Play is a bullish trend continuation candlestick pattern consisting of five candles.
The High Price Gapping Play candlestick pattern is recognized if:
The first candle is long and bullish, misses shadows and continues the uptrend;
Next three candles have small bodies fluctuating near the first candle's High price;
The fifth candle is long and bullish again and gaps up from the highest High of the previous four candles.
||The number of candles used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long.|
||The number of preceding candles to check if the trend exists.|
||The factor used when checking if a candle is short. A candle is considered short if its body height is lower than the average multiplied by this factor.|
||The High Price Gapping Play candlestick pattern.|