What is ‘Sanku (Three Gaps) Pattern’
The Japanese word for a candlestick pattern that consists of three individual gaps located within a well-defined trend. After the appearance of the third gap, the pattern is used to suggest an impending reversal in the direction of the current trend.
Explaining ‘Sanku (Three Gaps) Pattern’
This pattern is used by traders to predict situations of exhaustion and change in a trend. Ultimately, the current trend is said to be reversed when the price of the asset fills the third gap. Technical traders should not rely solely on the three gaps pattern to predict a reversal; rather, they should combine this technique with other technical indicators.
Further Reading
- The Unfinished Agenda for Food Fortification in Low-and Middle-Income Countries: Quantifying Progress, Gaps and Potential Opportunities – www.mdpi.com [PDF]
- Suitable Low Income Flood Resilient Housing – ph01.tci-thaijo.org [PDF]
- The influence of water in shaping culture and modernization of the Kathmandu Valley – books.google.com [PDF]
- Determinants of Fertility in Bihar – papers.ssrn.com [PDF]
- Millennials, sharing economy and tourism: the case of Seoul – www.emerald.com [PDF]
- Community-based micro-hydro development in Northern India–benefits beyond lighting? – mspace.lib.umanitoba.ca [PDF]
