Define: Confirmation

UK Accounting Glossary

Definition: Confirmation


Full Definition of Confirmation

Confirmation is the term used when a technical analysis indicator(s) is used to “confirm” a predicted future price movement.

Interpretation of Confirmation

Confirmation is usually required when a particular indicator or candlestick pattern is considered a weak indicator. For example, the Downside Tasuki Gap shown below should be used in conjunction with some form of confirmation, either a gap down opening or a bearish candle following the pattern.

Illustration of Confirmation with the Downside Tasuki Gap candlestick pattern


Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Confirmation. Payroll & Accounting Heaven Ltd. March 29, 2020
Chicago Manual of Style (CMS):
Confirmation. Payroll & Accounting Heaven Ltd. (accessed: March 29, 2020).
American Psychological Association (APA):
Confirmation. Retrieved March 29, 2020, from website:

Definition Sources

Definitions for Confirmation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd March 2020.