‘Kicking’ Candlestick Chart Pattern A Valuable Tool for Traders
Candlestick chart pattern analysis is a method of predicting impending price changes that has been used by the Japanese for centuries. With its long history of use, the method has proven to be reliable. Among the various candlestick patterns in use, just a few have stood the test of time. One such pattern is known as the “Kicking” candlestick pattern.
The Kicking candlestick chart pattern is among the most often used and most reliable candlestick reversal patterns, providing the Forex trader with another valuable indicator that a price reversal is on the horizon.
Recognizing the Kicking Candlestick Pattern
A bullish kicking pattern is formed when a long black candlestick is followed by a long white one. The pattern forms “Marbuzo” candles, in which neither the white nor black candlestick shows wicks or shadows at the top or bottom of the formation. The important thing to watch for in a bullish kicking pattern is a white candlestick that gaps above the previous black candlestick’s High price.
Conversely, a bearish kicking pattern is the opposite of a bullish one. This occurs when a white candlestick appears first and is followed by a long black one. Per the previous example, neither candle shows low or high wicking or shadowing. Traders will once again see a gap between the white candlestick’s Low and the opening of the ensuing black candlestick.
Interpreting Kicking Patterns
It’s important to understand that a Kicking pattern is not limited to a specific point in a trend. It may appear at the end, the beginning, or the mid-point. Regardless of what the prevailing trend looks like, a Kicking candlestick pattern indicates that a price shift is likely to occur soon, whether the direction indicated is bearish or bullish.
By observing how the pattern moves, one can gauge the relative strength of the coming trend reversal. A wide price gap that is observed following the black candle (that is, the High of the previous “down” period) and prior to the rising of a long white candle that ends at the High of the period, shows that a bullish price reversal will ensue.
In contrast, a bearish price action is observed when a white candle first appears, and is followed by a black candle. In other words, a price gap opens below the Low of the prior “up” period.
As a trader, watching for the appearance of a Kicking candlestick chart pattern is yet another valuable tool. The information it provides is an important indicator that is useful for trading strategies.
See an illustration of the Kicking candlestick chart pattern and learn more by visiting Rudolf Boquiren’s education website on Forex Trading System development.
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