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Japanese name: keri ashi
Forecast: bearish continuation/reversal
Trend prior to the pattern: N/A
Opposite pattern: Kicking Up (Bullish Kicking)
Construction:
- First candle
- a White Marubozu
- appears on as a long line
- Second candle
- a Black Marubozu
- price gaps downward
- appears on as a long line
This article is devoted to the Kicking Down two-line pattern.
The Kicking Down pattern (also called the Bearish Kicking) is composed of two marubozu candles appearing as long lines. The first candle of the pattern is a White Marubozu; the second line is a BlackMarubozu.
The opening of the second line is lower than the previous opening, what forms a price gap.
Depending on the trend in which the pattern appears, it may predict its continuation or reversal (see The Kicking Up article). The subsequent candle determines the price direction.
The pattern is extremely rare, especially in the liquid markets.
Kicking Down statistics
Below you can find some Kicking Down pattern statistics calculated by CandleScanner software. To see more detailed statistics, for other markets and periodicity try our CandleScanner software. Prices start at only $10, and you can see more detailed statistics, for other markets and periodicity. Click here to find out more!
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/1995 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 2,236,421
Number of occurrences (Kicking Down): 6
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Kicking Down): 0.00 %
Average frequency: 372,736.8