Definition: Get the highest rated stock from Americanbulls for this pattern >>>
The Bullish Kicking Pattern is a White Marubozu following
a Black Marubozu. After the Black Marubozu, market gaps
sharply higher on the opening and it opens with a gap
above the prior session’s opening thus forming
a White Marubozu.
Recognition Criteria:
1. Market direction is not important.
2. We first see a Black Marubozu pattern.
3. Then we see a White Marubozu that gaps upward on
the second day.
Explanation:
This Bullish Kicking Pattern is a strong sign showing
that the market is headed upward. The previous market
direction is not important for this pattern unlike most
other candle patterns. 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.
Important Factors:
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.
The Bullish Kicking Pattern is highly reliable, but
still, a confirmation of the reversal on the third day
should be sought. This confirmation may be in the form
of a white candlestick, a large gap up or a higher close
on the third day.
