The Ultimate Guide to Rising Window Candlestick Patterns
Last updated: January 4, 2024
Rising Window Pattern
The rising window candlestick pattern occurs when a gap (window) forms between two consecutive candles in the chart on a price increase from close to close:
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 rising window patterns with the following characteristics:
Typical characteristics
Gap (window) occurring between two candles (including their shadows) on a price increase
Examples of use as a trading indicator
Can be used to estimate future support levels (at prices across the entire window), which is voided after a close below the bottom of the window.
Other interpretations
Also known as a "gap" (up) in Western technical analysis
More for beginners
Check out our quick start guide to candlestick charting for more information if you are new to candlestick charting!