Bearish Kicking Reversal Cryptocurrency Chart Pattern.

Crypto Candlestick Chart Pattern Recognition: Bearish Kicking Reversal pattern

By analyzing the most recent OHLCV price movements of the last days. Daily updated!

Bearish Kicking Candlestick Pattern

The Bearish Kicking pattern is a highly reliable reversal pattern that signals a change in the trend from bullish to bearish. It is composed of two candles: the first is a bullish candle, and the second is a bearish candle. This pattern is known for its 'kicking' action, where the market suddenly reverses its course, kicking the trend in the opposite direction.

Formation of the Bearish Kicking Pattern:

• The first day is characterized by a bullish candle, indicating that buyers control the market.
• The second day opens with a gap up but quickly reverses direction, forming a bearish candle. This sudden reversal 'kicks' the trend in the opposite direction, signaling that sellers have taken control.
• The bearish candle on the second day completely engulfs the previous bullish candle, further confirming the impending bearish trend.

In the Bearish Kicking function:

• The up Candle function checks if the first day is a bullish candle, marking an existing uptrend.
• The gapped Up function ensures that the second day opens with a gap up, indicating an initial continuation of the bullish trend.
• The down Candle function checks if the second day is a bearish candle, marking a sudden reversal in the trend.

The Bearish Kicking pattern is considered a strong indicator of a bearish reversal, especially when it appears after a significant uptrend. Traders and investors should be prepared for potential downward movement and consider exiting long positions or entering short positions. As with all candlestick patterns, it is prudent to seek additional confirmation through other technical indicators or patterns to validate the trading signals generated by the Bearish Kicking pattern.