The Ultimate Guide to High-Price Gapping Play Candlestick Patterns

Last updated: January 4, 2024

High-Price Gapping Play Pattern

The high-price gapping play candlestick pattern is composed of a sequence of candles with small real bodies appearing as price consolidation prior to an upward move in share price with a rising window:

Chart

General Identification & Interpretation

Steve Nison is credited with bringing Japanese candlestick charting to the West. In his book "Japanese Candlestick Charting Techniques" he describes high-price gapping play patterns with the following characteristics:

Typical characteristics

• A series of candles with small real bodies occurring prior to a gap up (rising window) in share price

Examples of use as a trading indicator

• Similar to rising windows, where the window can be used to estimate potential support areas (which is voided after a close below the bottom of the window).

More for beginners

Check out our quick start guide to candlestick charting for more information if you are new to candlestick charting!