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Modified Hikkake Pattern

Patterns pattern candlestick classic

A more conservative version of the Hikkake.

Usage

Provides a higher probability signal.

Background

Candlestick patterns were popularized in the West by Steve Nison in his 1991 book 'Japanese Candlestick Charting Techniques'. These patterns provide a visual representation of market psychology and the balance of power between buyers and sellers at key price levels.

Formula

\text{Pattern Recognition Logic (TA-Lib Internal)}

Source