Kicking Bearish
The bearish kicking candlestick pattern is a two-candlestick reversal pattern that consists of a long bullish candle followed by a bearish candle with a large downward gap. This pattern indicates that the bulls are losing control and the bears are taking over.
The bearish kicking candlestick pattern is considered to be a reliable signal of a trend reversal, but it should be used in conjunction with other technical indicators to confirm the pattern.
Here are some tips for trading the bearish kicking candlestick pattern:
- Look for the pattern to form after a strong uptrend.
- Wait for the price to close below the open of the bearish candle before entering a short position.
The bearish kicking candlestick pattern is a useful tool for traders who are looking to short the market, but it is important to remember that no single pattern is 100% reliable, and traders should always use caution when trading.