Kicking Pattern

This pattern does not need to have a previous trend unlike other candlestick formations. Bullish Kicking Pattern is a strong sign showing that the market is headed upward. The market is headed up with the Bullish Kicking Pattern as the prices gap up the next day. The prices never enter into the previous day’s range. Instead they close with another gap.

We should be careful that both of the patterns do not have any shadows or they have only very small shadows (they both are Marubozu).

The Bullish Kicking Pattern is somewhat similar to the Bullish Separating Lines Pattern. The opening prices are equal in Bullish Separating Lines Pattern while in the Bullish Kicking Pattern a gap occurs.

This pattern is highly reliable but to make sure, a confirmation of the reversal on the third day is a plus. This confirmation may be in the form of a green candlestick, a large gap up or a higher close on the third day.

The following two tabs change content below.

felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

One Response to Kicking Pattern

  1. […] bullish reversal patterns that may be formed after this candlestick such as Piercing line and Kicking. We also noticed that the price almost hit the middle of Bollinger Band but supporters managed to […]

Leave a Reply

}