L 'Hikkake Pattern and Moving Averages is a method of identifying trend reversal or continuation of the same, depending on its progress. It 'a strategy used to determine the points of reversal of the market and its continuations. The model hikkake was discovered and introduced through a series of articles written by technical analyst Daniel L. Chesler.

Moving averages are used to indicate the trend of a trend and to make this the most accurate indicator available. (more...)