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Japanese name: keri ashi
Forecast: bullish continuation/reversal
Trend prior to the pattern: N/A
Opposite pattern: Kicking Down (Bearish Kicking)
Construction:
- First candle
- a Black Marubozu
- appears on as a long line
- Second candle
- a White Marubozu
- price gaps upward
- appears on as a long line
This article is devoted to the Kicking Up two-line pattern.
The Kicking Up pattern (also called the Bullish Kicking) is composed of two marubozu candles appearing as long lines. The first candle of the pattern is a Black Marubozu; the second line is a White Marubozu.
The opening of the second line is higher than the previous opening, what forms a price gap.
In CandleScanner, we assumed that the pattern can be reversal and continuation. Therefore, the trend prior pattern occurrence is not important -- whenever we deal with a Kicking Up pattern, the white candle means buying demand, predicting price rise.
As Shimizu writes, the Bullish Separating Lines pattern can either continue an uptrend or reverse a downtrend. Because the Bullish Separating Lines is quite similar to the Kicking Up, we made the same assumption.
The pattern is extremely rare, especially in the liquid markets. It can be seen rather as an exoticism rather than a seriously traded pattern.
Kicking Up statistics
Below you can find some Kicking Up 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 Up): 2
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Kicking Up): 0.00 %
Average frequency: 1,118,210.5