Define: Confirmation

UK Accounting Glossary

Definition: Confirmation



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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


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https://payrollheaven.com/define/confirmation/
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Confirmation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 29, 2020 https://payrollheaven.com/define/confirmation/.
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Confirmation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/confirmation/ (accessed: March 29, 2020).
American Psychological Association (APA):
Confirmation. PayrollHeaven.com. Retrieved March 29, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/confirmation/

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.