Candle Body

The first candle will be a bullish green candle. A GAP forms and ends in the second candle a bearish red candle.

Candle Wick / Shadow

Small wicks may form at both open and close or just at open or close. Note that the upper wick of the second candle should not fill the gap.

Candle Colors

The Bullish Kicker has two candles. The green candle always precedes the red candle

Modus Operandi

This pattern is rare but can be one of the most powerful signals available, even better yet, if the pattern occurs in overbought or oversold markets. It can form regardless of the trend direction and is a strong bearish signal. This usually forms when the bears have forcefully pushed the price down. Please take note of the GAP.

Fun Fact

Volume plays a vital role with the Bullish Kicker. The volume will likely be higher for the Bullish Kicker than any of the surrounding candles.

Play Video about BitcoinTAF Chart Patterns

Leave a Reply

Your email address will not be published. Required fields are marked *