As of 11/20/2024
Indus: 43,408 +139.53 +0.3%
Trans: 17,002 -26.31 -0.2%
Utils: 1,055 +1.25 +0.1%
Nasdaq: 18,966 -21.33 -0.1%
S&P 500: 5,917 +0.13 +0.0%
|
YTD
+15.2%
+6.9%
+19.7%
+26.3%
+24.1%
|
 46,000 or 43,000 by 12/01/202418,000 or 16,600 by 12/01/20241,075 or 1,000 by 12/01/202420,000 or 18,400 by 12/01/20246,100 or 5,800 by 12/01/2024 |
As of 11/20/2024
Indus: 43,408 +139.53 +0.3%
Trans: 17,002 -26.31 -0.2%
Utils: 1,055 +1.25 +0.1%
Nasdaq: 18,966 -21.33 -0.1%
S&P 500: 5,917 +0.13 +0.0%
|
YTD
+15.2%
+6.9%
+19.7%
+26.3%
+24.1%
| |
|
46,000 or 43,000 by 12/01/202418,000 or 16,600 by 12/01/20241,075 or 1,000 by 12/01/202420,000 or 18,400 by 12/01/20246,100 or 5,800 by 12/01/2024 | ||
In my book,
Encyclopedia of Candlestick Charts
The book takes an in-depth look at 103 candlestick patterns and reports on behavior and rank (3 types: reversal rate, frequency, and overall performance), identification guidelines, performance statistics (tables of general statistics, height, and volume), trading tactics (tables of statistics on reversal rates and performance indicators), and wraps each chapter with a sample trade. I share a sliver of that information below. If you like what you read here, then you will love the book. Help support this website and buy a copy by clicking on the above link.
The bearish kicking candlestick is an unusual name for a candle pattern. I guess I can see the kicking part of the candle, with the black candle being kicked lower (gapping below the first day), while the "bearish" adjective is less a bear kicking the candle than it is representative of the tone of the pattern.
The bearish kicking acts as a bearish reversal both in theory and in the marketplace, according to my research. However, it is a bearish reversal just 54% of the time. I consider that "near random." Since this pattern has a frequency rank of 102 out of 103 candles, it is very rare, indeed. I uncovered 116 bearish kicking candles out of over 4.7 million candle lines. That scarcity of candles may be why this one does so poorly, with a performance rank of 102.
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Theoretical performance: Bearish reversal
Tested performance: Bearish reversal 54% of the time
Frequency rank: 102
Overall performance rank: 102
Best percentage meeting price target: 51% (bull market, down breakout)
Best average move in 10 days: 3.90% (bull market, up breakout)
Best 10-day performance rank: 35 (bull market, up breakout)
All ranks are out of 103 candlestick patterns with the top performer ranking 1. "Best" means the highest rated of the four combinations of bull/bear market, up/down breakouts. The above numbers are based on hundreds of perfect trades. See the glossary for definitions. |
 Bearish Kicking
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The bearish kicking candlestick pattern is rare because it is composed of two marubozu candles, with a gap separating them. Unless the stock is thinly traded, you may find only a handful in your lifetime.
Performance is lousy. It acts as a bearish reversal just 54% of the time, so that is near random. The best move 10 days after the breakout is a rise of just 3.90%. A good move would be a climb of 6% or more. However, the rise allows the pattern to beat many of the other candlestick patterns because the kicking ranks 35, where 1 is best out of 103 candle types. Given that you may not see these candles, and when you do, performance is poor, I would not spend much time studying them.
| Characteristic | Discussion |
| Number of candle lines | Two. |
| Price trend leading to the pattern | None required. |
| Configuration | The first days is a white marubozu candle followed by a black marubozu. Between the two candles must be a gap. |
If you want a few bones from my Encyclopedia of candlestick charts book, here are three to chew on. The pages refer to the book where the tips appear.
Circled in red, the chart shows a bearish kicking candlestick pattern on the daily scale. The first candle is a white marubozu pattern. That is a white candle with no shadows. The following day, price gaps lower forming a black marubozu. That is a black candle with no shadows.
In this example, price rises in the two weeks leading to the start of the bearish kicking pattern and then drops. The breakout is downward when price closes below the bottom of the kicking candle pattern. Since price is trending upward leading to the bearish kicking candle and breaks out downward, this pattern acts as a bearish reversal of the short-term up trend.
-- Thomas Bulkowski
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