$VISN formed Bullish Kicking reversal pattern yesterday – today’s green candle has confirmed the pattern – closed above EMA’s 4 & 8 – key levels to turn into support – the middle Bollinger Band @ 12.90 is the Key resistance level to break – when $VISN turns the middle BB into support a new up trend can begin –
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2110
BULLISH KICKING
Definition
This pattern consists firstly of a black Marubozu and then a white Marubozu. After the black Marubozu, the market opens above the prior session’s opening, forming a gap between the two candlesticks.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. On the first day a black Marubozu (or a black candlestick) is observed.
3. Then we see a white Marubozu (or a white candlestick) on the second day.
4. The second day opens higher with a body gap.
Buy/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross above this level for confirmation.
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