Bearish kicking pattern
The bearish kicking pattern is a bearish stock market sign. It does not require the prior trend to either be up or down.
This pattern consists of two different days. The first day is a bullish day that makes a nice clear Marubozu. The second day the stock gaps down and continues down for the remainder of the day. It should make a big candlestick and have a little to no shadow.
Why does the bearish kicking pattern work? When the stock gaps down and continues down without any bullish pressure it is a sign that the bears are taking control and selling pressure should continue for the next few days.
Tip The two candlesticks should have a little if any shadow. If either one has a large shadow it could mean this is not a bearish indicator. Other Candlestick PatternsCandlestick patterns have proven to be successful over the years and can indicate changes in the trend of a security, from rice prices (which they were first used with) to stocks, to the forex market and so on. Learning the patterns and what they mean can help you in any market. Here are a few other examples. Side by Side White Lines – This pattern shows weakness in the market. Bearish Advance Block - This pattern may form at the top of a small run up in price and signal that a pullback is coming. Bullish Belt Hold - This pattern forms when prices have reached a low and may turn around.
|