{"id":266,"date":"2009-12-31T12:50:32","date_gmt":"2009-12-31T18:50:32","guid":{"rendered":"http:\/\/www.stockhideout.com\/stock-blog\/?p=266"},"modified":"2016-04-20T09:06:52","modified_gmt":"2016-04-20T15:06:52","slug":"bullish-upside-gap-three-methods-pattern","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/learn\/bullish-upside-gap-three-methods-pattern\/","title":{"rendered":"Bullish Upside Gap Three Methods Pattern"},"content":{"rendered":"

\"\"<\/a><\/p>\n

BULLISH UPSIDE GAP THREE METHODS PATTERN (BUGTMP)<\/strong>
\nGap closes on the third day<\/p>\n

Characteristics:<\/strong>
\n1. Market is on an uptrend;
\n2. On the first two days, we see two long white sticks with a gap between them;
\n3. Day 3 has a black candlestick which opens within the body of Day 2; and
\n4. The black stick of Day 3 fills the gap between the first two days.<\/p>\n

Brief Explanation:<\/strong>
\nIn the BUGTMP, the market is in a bullish mood. The bulls go on further one more day and it gaps in the direction of the uptrend. However, Day 3 opens well into Day 2\u2019s body, filling the gap. This may be read as a support for the present uptrend. This may be caused by temporary profit taking.<\/p>\n

Notes:
\n1. The BUGTMP is similar to the Bullish Upside Tasuki Gap Pattern (BUTGP). The difference is that in the BUTGP, the gap in Days 1 and 2 is not filled on the third day.
\n2. A confirmation on Day 4 is necessary (through a white stick, a large gap up or a higher close).<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

BULLISH UPSIDE GAP THREE METHODS PATTERN (BUGTMP) Gap closes on the third day Characteristics: 1. Market is on an uptrend; […]<\/p>\n","protected":false},"author":1,"featured_media":1335,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[23,12,8,4],"tags":[],"class_list":["post-266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2-medium-reliability-bullish","category-bullish-candlesticks","category-candlestick-charts","category-learn-stock-charts"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/posts\/266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/comments?post=266"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/posts\/266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/media\/1335"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/media?parent=266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/categories?post=266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/tags?post=266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}