Bullish Kicker Candlestick Pattern

Bullish Kicker is a strong bullish trend reversal pattern.

A strong bearish candle in the downtrend is followed by a strong bullish candle that opened above the body of the previous candlestick pattern is a bullish kicker pattern.

It is a strong reversal formation.

Higher the size of the second candle, stronger the pattern. If second candle is a strong belt-hold line or a Marabuzo pattern, it indicates the downtrend is over. The bulls should look for the trade opportunity.

If the volume in the second candle is higher than the volume in the first candle, it provides the confirmation that bulls are more powerful because.

After the bullish kicker pattern, the price retracement when the bottom of the first candle is protected is an opportunity to trade bullish pullback formations. It offers the low-risk trade opportunities.

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This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

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