Rising Window Candlestick Pattern on Live Gold

What it shows

Each one gets a blue label marked RW under the low of the second candle.

How Pravex works it out

1. The pattern is two candles of any colour and size. The first must have a range above zero.
2. The second candle’s low must be above the first candle’s high, shadows included.
3. The uptrend the rising window needs is read from the first candle: by default its close must sit above the 50-candle simple average, and the trend setting can make the rising window test stricter or switch it off.
4. Example numbers, not a live price: the first candle’s high is 2,040 and the second candle’s low is 2,043. The window is the band from 2,040 to 2,043.

Settings

Setting	Default	What changing it does
Trend check	SMA50	Decides what counts as an uptrend before the rising window. By default one close is read against the 50-candle average; adding the 200-candle average asks for a longer trend before the rising window, and switching the check off ignores the trend completely.
Label colour	Blue (#2196F3)	Change it to tell the rising window apart from other patterns on the same chart. It fills the RW label under the low of the last candle; the text stays white.

How traders read it

Buyers jumped a whole band of prices. If price drops back into that band later, it is the first place buyers are expected to show up again, so the window acts as support. A close under the bottom of the window, the first candle’s high, fills it and ends the reading.

This is a continuation pattern. One way to use it is to buy a dip into the window with a stop under it, which gives a clear and usually close level to lean on.

When it misleads

On spot gold true gaps are rare on hourly candles, because the market trades nearly around the clock. Most windows form where trading resumes after a pause, such as the weekly open, and plenty of them get filled later. One close above the 50-candle average is all our uptrend test asks. On the newest candle the rising window check reruns with every price change, so a label there can come and go until the candle closes.

Questions and answers

What is a rising window in candlesticks?

A gap up in a rise: the second candle’s low is above the first candle’s high.

Is a rising window bullish?

Yes. It is read as the rise continuing, with the gap as support on any pullback.

Why are windows rare on gold?

Spot gold trades almost without breaks, so one candle seldom opens fully above the last. Gaps mostly appear after a pause in trading.

Related: Falling Window - Bearish, Upside Tasuki Gap - Bullish, Kicking - Bullish, All Candlestick Patterns, every indicator.