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What is a Bearish Kicking
Candlestick Pattern?
The Bearish Kicking Pattern is a large Black Marubozu (open is the high of the day and the close is the low of the day) following a large White Marubozu (open is the low of the day and the close is the high of the day). After the White Marubozu, the stock gaps sharply lower at the open, opening with a gap below the prior session’s opening, and dropping to close at the low of the day.
The previous stock direction is not very important with a Kicking candlestick pattern, unlike most other candle patterns. The fact that the stock has enough momentum to gap down, then fall to close at its low is very bearish no matter what the previous trend was. The signal should be confirmed by volume or continued downward movement on the third day.This Japanese candlestick pattern is rare, but it is a very reliable pattern. When found in an downtrend, it signals you to hold your short position. When found in a uptrend, sell your long position.
Leave Bearish Kicking Pattern and go back to Japanese Candlestick Charts
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