‘Kicking Pattern’ is a rare highly credible setup that applies whether market is bullish, bearish, or in a congestion. They consist of two Marubozu candles which combination determines whether the setup is bullish or bearish. For the ‘Bullish Kicking Pattern’ the first candle will be a black marubozu followed by a white marubozu that gaps up at its open. The pattern derives its name from how it appears sentiment in the market has been kicked higher when the second candlestick opens suddenly all the way up above the length of the firsts’ body.
Technical Description
1) The first candlestick for the pattern will be a black marubozu, the preceding price action is irrelevant.
2) The second candle will be a white marubozu that opens with a gap above the opening price of the first.
3) Ideally both candlesticks should be a Marubozu though we can allow for very small wicks and tails to appear.
Mark’s Perspective
The rarity of a kicking pattern often means that people will pass over their formation as a confusing mix of candles. Although there is no explicit requirement the size of the bodies reflect the severity of the change in sentiment, the bigger the candlesticks bodies the more likely a bull market market will follow.
No confirmation is required when trading the pattern, aggressive buys may be taken at market, though having another bullish gap in the succeeding candlestick or a higher close will be desirable. Stop losses should be placed below the patterns lows though in case of a big white candle stops may be placed tightly below the gap between the two candlesticks.