Candlestick Patterns | Bearish Kicking

0
(0)

Bearish Kicking

This pattern consists firstly of a white Marubozu and then a black Marubozu. After the white Marubozu, the market opens below the prior session’s opening, forming a gap between the two lines.

How to identify

  1. 1st day is a white Marubozu.
  2. 2nd day is a red Marubozu and gaps open below the 1st day’s open.

Psychology

The gap created by the 2nd day becomes a resistance area. Expect lower prices and for the gap to be tested before breaking back to the upside.

Prev 1 of 34 Next
Prev 1 of 34 Next

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Be the first to comment on "Candlestick Patterns | Bearish Kicking"

Leave a comment

Your email address will not be published.


*

Do you want regular updates?
Click the Allow button below to get our new updates.