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What is a Bullish Kicking Pattern?The Bullish Kicking Pattern is a large White Marubozu (open is the low of the day and the close is the high of the day) following a large Black Marubozu (open is the high of the day and the close is the low of the day). After the Black Marubozu, the stock gaps sharply higher at the open, opening with a gap above the prior session’s opening, and rallying to close at the high of the day.
The previous market 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 up, then rally to close at its high is very bullish no matter what the previous trend was. The signal should be confirmed by volume or continued upward movement on the third day. This Japanese candlestick pattern is rare, but it is a very reliable pattern. When found in an uptrend, it signals you to hold your long position. When found in a downtrend, buy after confirmation of the signal is made. Leave Bullish Kicking Pattern and go back to Japanese Candlstick Charts
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