Kicking Up candlestick pattern - Complete trading analysis

 

Technical View

Hello traders,  welcome to my blog. Today I will discuss  in detail about the Bullish Kicking Up  candlestick pattern. In technical analysis kicking up candle is a highly reliable bullish candlesticks pattern. It means now the bearishness in the market is over and the uptrend is about to begin.

Technical Analysis of  Kicking up candlestick  

kicking up pattern

* The Kicking Up  candlesticks pattern consists of two candles. The first candle is  Bearish Marubozu . It is of red colour.

* The second candle is  bullish Marubozu candlestick . It is of green colour.

*  Size of both candle do not matter.

* The second candle is above the first candle. ie. The second candle open fully gap up from the first candle.

* The high of the second candle is  high of this pattern. And low of first candle is called low of  this pattern.

Where is Kicking up formed ?

Kicking up candle formation

* It is always formed after a long downtrend  in the chart. It is formed at the Bottom of the chart. After the formation of this pattern, the possibility of bearishness in the market ends. Buying after getting the confirmation will definitely be beneficial.

* It forms  in every type of market  such as Indian stock market, commodity market, foreign market etc.

* It appears in intraday charts, daily charts, weekly charts and monthly charts. In these  charts  it works very well.

Where to use it?

* If you are trading in intraday then watch it in 5 minute and 15 minute time frame.

* If you do positional trading then see it in daily chart and monthly chart.

How to use it?

volume

* Suppose this pattern is formed in the chart. If the new candle is opened gap-up from this pattern then you have to buy in the market.

* Buy only if the new candle closes above the high of this pattern. This is very necessary.

* Volume of second candle must be higher than that of first candle. It indicate that signal is more powerful.

* The stop-loss is to be placed below the low price of this pattern.

Let us understand this in the chart.

Kicking up analysis in trading chart

* The Kicking Up  pattern in this chart is formed after a long downtrend and the volume of the second candle is more than that of the first candle of this pattern.

* Buy when the new candle closes above the high of this pattern.

* The second number new candle in this chart has closed above this pattern. This is the right time to trade.

* Put a stop-loss at the bottom of this pattern.

When to book profit?

* Until a trend changing signal is received.

important Point

* In Kicking up candlestick pattern the second candle should be above the  first candle.

* First Candle is bearish  Maruboju. and second candle is bullish marubozu.

* After the formation of this pattern, one should not buy until the market price crosses its high.

* Volume of second candle must be higher than that of first candle.